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Struggling GoPro Cutting About 200 Jobs

Key Speakers At The TechCrunch Disrupt SF 2015 Summit
Bloomberg—Bloomberg via Getty Images 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.

It's about 15% of the company's workforce

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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