GoPro is planning to re-structure through an $80 million cost-cutting program, which will see least 255 employees lose their jobs to achieve a headcount of "fewer than 1,000 employees worldwide".
The company also intends to shrink its workforce by laying off about 20 percent of its workforce. Over the last ninety days, insiders have sold 704,907 shares of company stock valued at $6,478,800. The company also announced the end of the drone era and the company's official departure from the drone industry. "There's significant demand for GoPro at the right price", Woodman said. "After trading resumed, the shares fell further, and the stock was down 30 percent by 10 am".
GoPro's HERO5 camera line-up significantly underperformed during the holiday quarter, and the company ended up slashing $100 off the price to generate sales. The company admitted in its preliminary fourth-quarter results (2017) that it was facing financial troubles as it declared that it would lay off staff and would even cut the CEO's salary to cover up for the losses.
GoPro (NASDAQ:GPRO)'s stock had its "sell" rating reiterated by analysts at Dougherty & Co in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. Apple would certainly have the cash to buy GoPro this year, especially if it repatriates a massive chunk of the cash hoard it has overseas, as most analysts generally expect it to do.
In a sign of troubled times ahead, camera maker GoPro has made a decision to cut 20 per cent of its global workforce.
In an announcement to the market, the company said it has lowered the price of its premium model, HERO6 Black, from $US499 to $US399 "to align with its good, better, best product strategy".
Xperia A2 has 3GB of RAM whereas XA2 Ultra has 4GB of RAM and is available in 32GB and 64GB storage variants. It comes with the same 8 megapixel selfie camera that the XA2 has, and will run on Android Nougat.
However, ahead of CES 2018 , HP is launching a brand new Chromebox with updated specs, ports, and more. The Acer Chromebook 11 CB311 is equipped with dual USB 3.0 ports including dual USB 3.1 Type-C ports.
Much needed rain for the city of Cape Town then washed out the entire day 3 with the match hanging agonizingly in the balance. However, it will be tough ask for the Indian batsmen who were bundled out for 209 in their first innings.
The North's chief negotiator is Ri Son-gwon, the chairman of North Korea's state agency in charge of affairs with the South. Trump said he would like to see talks go beyond the Olympics and added: "At the appropriate time, we'll get involved".
This helps ensure optimal performance for devices, as well as low latency for applications like gaming, video and voice calls. Apart from Intel, several other WiFi chipset vendors are expected to announce 802.11ax based chipsets at CES next week.
These Mini Game Hubs contain the same content seen in regular hubs, such as Achievements, friend activity and so on. The feature is coming to Xbox Insider members as of now and will be coming to all other users in the near future.
Director Ava DuVernay later wrote on Twitter that the room was "still vibrating like electricity from that speech". Her case attracted the help of the NAACP's Rosa Parks and become a national story, reported the New York Times .
It has improved connectivity over the last model, though, with a nano SIM card slot and support for 4G data speeds. The Swift 7 will feature a built-in eSIM for a fast and easy subscription process to your carrier of choice.
Vuzix Making Alexa-Enabled Smart Glasses, to Debut at CES 2018
In the meantime, Vuzix has published a quick guide and overview of what to expect from the Blade Smart Glasses on their website . The Vuzix Blade Augmented Reality Smart Glasses, as the company calls it, will set interested consumers back a hefty $1,000.
Sergio Aguero scores twice in Burnley thrashing
He said: "We're at the end of our squad at the moment with injuries but, with the mentality today, you'd never have smelt that". I believe everybody is allowed to be passionate. "We just reacted quicker than our opponents".