Gopro announces global restructuring, withdraws 2020 guidance due to covid-19

Gopro announces global restructuring, provides preliminary q1 results and withdraws 2020 guidance due to covid-19 impact.gopro inc - a workforce reduction of more than 20%.gopro inc - plans to further reduce non-headcount related operating expenses to $250 million in 2021..gopro inc - plans to further reduce non-headcount related operating expenses to $250 million in 2021.gopro inc - withdrawing its q1 and full-year 2020 guidance due to global uncertainty related to covid-19 pandemic.gopro inc - office space reductions in five geographies.gopro inc sees q1 revenue of approximately $119 million.gopro inc - aimÉe lapic joins as chief digital officer.gopro inc - as of april 14, 2020, gopro's board of directors volunteered to forego remainder of their cash compensation through end of 2020.gopro inc - q1 non-gaap eps loss is expected to be in mid $0.30 loss per share range.gopro inc - workforce reduction of over 200 employees, or more than 20%.gopro inc - sell-thru of approximately 700,000 cameras during quarter.gopro inc - will continue to sell to select leading retailers in key regions where consumers prefer to purchase offline or indirectly.gopro inc - reduced channel inventory by nearly 30% in q1.gopro inc - will be shifting primarily to consumer-direct sales to drive growth in regions where gopro.com already enjoys strong share of market.
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