GoPro lowered the orientation on Monday and confirmed that it will lay off at least 250 employees.
Founder and CEO Nick Woodman will reduce his cash compensation to $ 1 by 2018, according to a company release.
Shares are suspended before the market.  "GoPro is committed to changing our business. in 2018, "Woodman said in a statement." We started the new year with strong direct sales and are excited about our hardware and software work plan. We hope that in the future, our roadmap along with a lower operating cost model will allow GoPro to return to profitability and growth in the second half of 2018. "
GoPro said it expects fourth quarter revenue from $ 340 million, slightly $ 330 million in revenue in the previous quarter.
The company also reduced the price of its newest premium adventure camera, Hero6 Black, by $ 100.