January 5, 2018 / 3:49 AM / 3 months ago

GoPro cuts 200-300 jobs in aerial products unit: TechCrunch

(Reuters) - Action camera maker GoPro Inc is cutting about 200 to 300 jobs in its aerial products division this week, technology news website TechCrunch reported on Thursday.

A GoPro Hero 3+ camera is seen at the Nasdaq Market Site before before GoPro Inc's IPO in New York City, June 26, 2014. REUTERS/Mike Segar/Files

The job cuts are part of a bigger restructuring in the company, TechCrunch reported, citing a letter sent to impacted employees.

The employees were relieved from duties on Thursday, but will continue to be on the company’s payroll until Feb. 16, TechCrunch reported, citing sources.

GoPro — whose cameras are worn by surfers, skydivers and other action junkies — has been struggling in recent years as cheaper rivals emerge and smartphones feature increasingly advanced cameras.

GoPro did not respond to a request for comment outside regular business hours.

Reporting by Kanishka Singh in Bengaluru; Editing by Amrutha Gayathri

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