GoPro cutting 7% of workforce

Posted online January 14, 2016 | 12:42 pm

GoPro shares dropped to all-time lows after the company announced plans to cut its workforce by 7 percent.

Yesterday, the digital-camera maker also announced it expected fourth-quarter revenue to be $435 million, well below the expected $511 million.

GoPro shares were halted for the pending news and fell as much as 24 percent afterward.

Read more from Business Insider.

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