GoPro makes cutbacks after drone crashes

GoPro makes cutbacks after drone crashes
 

Action camera-maker GoPro is cutting 200 jobs and shutting down some of its services.
The announcement follows a series of drone crashes that made the company recall its much anticipated Karma aircraft.
In addition, the US company said its president, Anthony Bates, would quit his post at the end of the year after three years in the job.
GoPro said that consumer demand for its products remained "solid".
However, the company has posted a loss in each of its past four quarters.
At the start of this month it also revealed its cash reserves had fallen to $132m (£106m) - less than half... read more

 
30 November 2016 in Science &Technology, Views: 42
Source: BBC
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