GoPro announces the departure of 200 employees
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Various plants United States have closed entirely due to low demand for their products, one of the companies that still remained at the forefront of their normal activities were the manufacturers of digital cameras Gopro, but until a few hours ago, they announced that due to the low demand for their products, they decided to fire 200 employees, this happened in United States.
In this sense, GoPro will carry out a strategic change to improve its efficiency and profitability by reducing expenses 100 million of dollars (92 million euros) in 2020, including the cut of more than 200 jobs, which is equivalent to more than twenty% of its workforce, as well as an adjustment of 250 million dollars (230 million euros) in non-personnel expenses in 2021, the company announced in a statement.
GoPro fires employees
Despite the low numbers of its products in the international market, financial projections foresee registering a negative result per share of $ 0.30 in the first quarter and bill some 119 million of dollars (109 million euros), practically half that in the same period of 2019, I will help that for the following months they have convincing results.
“The global distribution network of Gopro has been negatively affected by Covid-19, leading us in the course of this year to a transition towards a more efficient and profitable business, focused directly on the consumer, “he said. Nicholas woodman, founder and CEO of Gopro.
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Other measures announced by the company include an aggressive cost reduction in extra expenses, the reduction of office space, reduction of operating expenses to 2021 and budgets for marketing and sales. The last positive impact of the company was the presentation of the GoPro Hero 8 Black at the end of 2019, a device with high demand during the Christmas holidays and end-of-year sales.
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