2 weeks ago
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GoPro lays disconnected much than 25% of its unit amidst stiff competition
GoPro was 1 of the starring manufacturers of enactment cameras for rather a while. However, successful caller years, the institution has faced immoderate stiff contention from caller entrants specified arsenic Insta360 and DJI.
The caller brands connection smaller cameras with easier-to-use apps, are priced cheaper, and person amended tech - each of which person led to GoPro facing difficulties successful maintaining its income numbers. With the contention heating up, GoPro released a connection announcing that it would laic disconnected 15% of its staff. However, reports suggest that the institution has alternatively laid disconnected astir 26% of its employees.
As per reports, the brand's banal prices person fallen drastically, which has besides led to a income diminution and inventories stockpiled. The institution is said to person announced different measures arsenic good to support the marque going for the foreseeable future.
Source: RideApart
Last edited by RahulNagaraj : 7th November 2024 astatine 14:16.
