GoPro to restructure, to accelerate direct-to-consumer activities
GoPro Inc. announced a $100 million reduction to 2020 operating expenses including a 20% workforce reduction – and plans to further reduce non-headcount related operating expenses to $250 million in 2021 – as well as accelerated plans to go direct to consumer. The company said the direct business is a “meaningful contributor” to profitability in recent years. “GoPro’s global distribution...
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