Instant Alert: GoPro is cutting over 250 jobs and reducing its CEO's cash compensation to $1

MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE   GoPro is cutting over 250 jobs and reducing its CEO's cash compensation to $1 by Akin Oyedele on Jan 8, 2018, 9:10 AM Advertisement GoPro announced on Monday that it was cutting more than 250 jobs, and lowered its forecast for fourth-quarter revenues.  In its preliminary fourth-quarter results, the action-camera maker said it was reducing its global workforce to fewer than 1,000 people. Demand for the Hero5 model was soft during the holiday season, GoPro CEO said in a statement. Woodman also said he will reduce his 2018 cash compensation to $1. The company halted trading of its shares premarket ahead of the news.  More to come ...    Share the latest business news with your network:    Email sent to: nguyenvu1187.love5@blogger.com   |   Manage your email preferences   |   Unsubscribe Terms of Service   |   Privacy Policy Business Insider. 150 Fifth Avenue, New York, NY 10011