GoPro Cuts Workforce and Seeks Investor

ASB MAGAZINE: GoPro has stopped production of its Drone Karma and plans to cut more than 250 jobs or one-fifth of its entire workforce. CEO Nick Woodman also confirmed to American media: GoPro is looking for an investor.  Woodman said the company would drop its Drone Karma, which has to fight with weak battery power, technical problems and strong competition from China. “If there are opportunities for us to unite with a bigger parent company to scale GoPro even bigger, that is something that we would look at,“ said GoPro CEO Nick Woodman. [Photo – Getty Images]

 

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