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VOICE ARCHIVE

CNBC Top Stories

@cnbctopstories
1 posts
2018-01-08
GoPro issues weak guidance, to reduce global workforce from 1,254 employees to fewer than 1,000; shares halted http://www.cnbc.com/... http://twitter.com/...
2018-01-08 View on X
CNBC

GoPro issues weak guidance, plans to cut workforce by 20% or ~250, reduces CEO cash compensation to $1, and will exit the drone business; stock down 20%+

GoPro lowered fourth quarter guidance Monday and confirmed layoffs of at least 250 employees.  —  Shares were halted in premarket trading.

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