GoPro finally realizes that smartphones can do exactly what its cameras can (GPRO)

SPSS  Andrew Burton/Getty Images One of GoPro’s biggest challenges is competition.  The action-camera maker is striving to return to profitability, and on Wednesday announced its third round of layoffs in just over a year. GoPro cut 270 full-time and open positions in the latest round. Last November, it laid off 200 people, or about 15% of its…

GoPro cuts another 200 jobs, but still expects to deliver the Hero6 on time

SPSS  GoPro is expecting to meet its previous revenue estimates on the high end — but that will come at a cost. GoPro announced on March 15 another 270 layoffs as the struggling action camera company continues restructuring with the goal of returning to profitability in 2017. The job cuts will be company-wide across several…