Nick Woodman, founder and chief executive officer of GoPro Inc., holds the new GoPro HERO4 Session camera while speaking during the TechCrunch Disrupt SF 2015 conference in San Francisco, California, U.S., on Tuesday, Sept. 22, 2015.
Bloomberg—Bloomberg via Getty Images
By Anya George Tharakan / Reuters
November 30, 2016

GoPro Inc said on Wednesday it would cut about 15 percent of its workforce as the company restructures its once fast-growing action camera business.

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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