GoPro Company Announces a 23 Percent Reduction in its Workforce

The management of GoPro, a company specializing in manufacturing cameras and accessories, has announced its decision to lay off approximately 23% of its total global workforce as part of a restructuring plan. The company issued a statement explaining that this step comes in response to changes in the camera market and a decline in sales volume, as well as the need to reduce administrative expenses. The statement added that the company will focus its future efforts on improving software technologies associated with its products. The company is expected to complete the layoff procedures during the next fiscal quarter.