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GoPro's poor holiday sales lead to staff layoff

DP Review - 15 Jan 2016 21:15
GoPro's poor holiday sales lead to staff layoff In its preliminary Q4 financial report this week, GoPro revealed it expects the last quarter's revenue to be about $435 million, a figure significantly lower than the $512 million analysts had estimated. Due to poor sales over the holidays, GoPro states it will layoff 7% of its workforce as part of a restructuring effort. The company announced its fourth quarter financial estimates on Wednesday, saying the quarter's 'revenue reflects lower than anticipated sales... due to slower than expected s...
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