GoPro says revenue up 16 percent, but will cut more than 100 employees

By Stephen Frothingham

SAN MATEO, Calif. (BRAIN) — GoPro says it expects a 16 percent increase in revenue for 2015. However, weak sales of its newest model, the Hero4 Session contributed to a decision to cut about 7 percent of its workforce, or about 105 employees.

GoPro said the workforce reduction will better align its resources to its growth plans. The company said that it will incur $5 million to $10 million in restructuring expenses in the …read more

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