{"id":75808,"date":"2016-11-30T12:36:11","date_gmt":"2016-11-30T17:36:11","guid":{"rendered":"http:\/\/techvibes.com\/?p=75808"},"modified":"2016-11-30T14:51:18","modified_gmt":"2016-11-30T19:51:18","slug":"gopro-cutting-costs","status":"publish","type":"magazine","link":"https:\/\/brainstation.io\/magazine\/gopro-cutting-costs","title":{"rendered":"Struggling GoPro Eliminating 15% of Workforce to Cut Costs, Return to Profitability"},"content":{"rendered":"<p>Following a product launch mishap and sloppy sales quarter, GoPro is eliminating 15% of its workforce to cut costs.<\/p>\n<p>The struggling company is also shutting down its entertainment division, another move to reduce overhead. Shares in GoPro, which is not profitable, have taken a beating this year.<\/p>\n<p>GoPro says it will cut more than 200 full-time positions and Tony Bates, the company&#8217;s president, is stepping down. The restructuring could reduce expenses by up to $650 million next year, allowing the company to return to profitability.<\/p>\n<p>https:\/\/borndigital.com\/2016\/11\/04\/gopro-stock-takes-a-beating<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Following a product launch mishap and sloppy sales quarter, GoPro is eliminating 15% of its workforce to cut costs. The struggling company is also shutting down its entertainment division, another move to reduce overhead. Shares in GoPro, which is not profitable, have taken a beating this year. GoPro says it will cut more than 200 [&hellip;]<\/p>\n","protected":false},"author":55555,"featured_media":74684,"menu_order":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"categories":[13],"tags":[],"magazine-region":[],"magazine-series":[],"magazine-topic":[],"class_list":["post-75808","magazine","type-magazine","status-publish","has-post-thumbnail","hentry","category-News"],"acf":[],"_links":{"self":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/75808","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine"}],"about":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/types\/magazine"}],"author":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/users\/55555"}],"version-history":[{"count":0,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine\/75808\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media\/74684"}],"wp:attachment":[{"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/media?parent=75808"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/categories?post=75808"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/tags?post=75808"},{"taxonomy":"magazine-region","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-region?post=75808"},{"taxonomy":"magazine-series","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-series?post=75808"},{"taxonomy":"magazine-topic","embeddable":true,"href":"https:\/\/brainstation.io\/wp\/api\/wp\/v2\/magazine-topic?post=75808"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}