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GoPro to lay off 15 percent of its personnel

GoPro to lay off  15 percent of its personnelGoPro Inc said on Wednesday it would cut about 15 percent of its staff under the company's reorganization, Reuters.

GoPro said it will cut about 200 full-time positions, cancel open positions and shut down its entertainment division as part of the restructuring.

The company said it expects to incur about $24 million to $33 million in restructuring charges, mostly in its fourth quarter.

GoPro's shares were up 2.7 percent at $10.10 in premarket trading.
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