Action Camera Maker Gopro Said on Monday it would cut about 15 percent of its workforce this year, as part of a restructuring plan to reduce operating experiences.
The company expects to take charges in the range of $ 5 million (roughly Rs. 41.8 lakh) to $ 7 million (roughly Rs. 58.6 lakh) for the restructuring plan, with Cash Extructuring Plan, with Cash EXPENSES OF H. Crore) to be recognized In the third questioner and about $ 4 million (roughly Rs.
The Layoffs – Around 139 Jobs – Are Expected to Begin in the Third Quarter and would be completed by the end of 2024.
Shares of the company, which had 925 full-time employees at the end of the second Quarter Ended June 30, Were Up 1.5 Percent after the Layoffs Were Announced.
Earlier This month, Gopro Reported Revenue of $ 186 Million (Roughly Rs. 1,558 Crore) for second Quarter, Down 22.7 Percent Compared to Last Year and Operating Expenses of $ 103 Million (Rog ), an increase of five percent from a year aha.
The US International Trade Commission in May it was launching a probe into gopro’s claims that pates that pates for its cameras, Systems and Accessories Were Being Violated by Chinese Similar products into the united states.
© Thomson Reuters 2024
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(Tagstotranslate) Gopro to cut 15 percent of workforce in restructuring push gopro
