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Gopro Leaves Drone Market And Cuts Jobs
Amateur Photographer
|January 27,2018
Action camera manufacturer GoPro has announced it is exiting the drone market, amid news that it is also to cut more than 250 jobs. It plans to reduce the price of its flagship action camera to promote sales.
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The plans are designed to save GoPro an estimated $80million, and include the measure of GoPro founder and CEO Nicholas Woodman reducing his cash compensation for 2018 to just $1.
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