A well-known company that creates high-quality cameras, said it was forced to lay off about 20 percent of its workforce due to the coronavirus pandemic.
GoPro only recently boasted a large revenue increase due to the launch of the successful Hero 8 Black in the last quarter of 2019.
Unfortunately, the advent of the coronavirus epidemic, and with it the economic problems of many companies, led to a decrease in turnover by more than half compared to last year. For this reason, the company decided to introduce decisive measures in the form of employment restrictions. Layoffs will affect almost 200 people.
GoPro CEO Nicholas Woodman said in a statement that he feels personally affected by the tragedy, which brings together many talented team members. He himself said that he would not receive a salary until the end of the year.
GoPro also plans to change the distribution model to a direct one with a limited form of retail.