Shaun White

GoPro to cut more than 200 jobs

GoPro to cut more than 200 jobs

GoPro Inc. will cut more than 200 full-time positions and close its entertainment division in a company-wide restructuring that comes as the San Mateo firm struggles to establish itself as more than just an action camera maker.

GoPro said Wednesday it will cut back on its facilities and cancel open job positions, potentially saving the company more than $100 million a year, according to analysts. In addition, GoPro President Tony Bates will leave the company at the end of the year.

The company says the restructuring, which cuts its workforce by 15%, could cost as much as $33 million, including severance, stock options and office...