Apr 16
A day in the life of your child’s worst teacher ever.
Apr 16
We’re all going through this together — apart.
Apr 16
“With this coronavirus gripping our nation, it’s made me realize that I don’t do it enough.”
Apr 16
Many nations lack the testing capacity they need to monitor outbreaks and keep the coronavirus contained.
Apr 16
Since coronavirus began to creep across the U.S., 17 million people have filed for unemployment. And with no end to the pandemic in sight, that number is projected to go way up.
Apr 16
There’s a lot that goes into playing a tabletop roleplaying game. The rules, the improv, the drama—and it all starts with a Player Character (or PC). It can be scary trying to make a new character for an RPG game, especially for folks who’ve never done it before. Here are a few handy tips from a professional gamer to …
Apr 16
Mark Ruffalo is up in the air over whether Bruce Banner will appear in She-Hulk. Stephen Franck says work is continuing on Marvel’s What If? animated anthology. The Myst adaptation has tapped X-Men: First Class’ writer. Plus, another new look at Penny Dreadful: City of Angels, and Archie and Betty get close in …
Apr 16
Action camera manufacturer GoPro has announced some massive organizational changes at the company. In particular, the company is laying off over 200 employees — it represents a 20% staff reduction.
GoPro will shut down some offices altogether. There will be offices in five geographies after the round of layoffs. The company expects to reduce operating expenses by $100 million in 2020. But it says that it’ll cut operating expenses again by $250 million in 2021. In other words, if you still have a job at GoPro, you could lose your job next year.
Behind the scene, GoPro is making some radical changes to its business model. The company is still selling cameras, accessories and subscriptions. But it is switching to a direct-to-consumer model with GoPro.com acting as the main storefront.
The company will stop selling its devices in many retail stores. GoPro will still work with select retailers in some regions as they still generate a lot of sales.
But selling directly on GoPro.com represents the future of the company, which should improve margins. They don’t have to give a cut to retailers when GoPro is acting as the retailer. In 2019, GoPro.com represented a bit more than 20% of European revenue and a bit less than 20% of revenue in the U.S.
“GoPro’s global distribution network has been negatively impacted by the COVID-19 pandemic, driving us to transition into a more efficient and profitable direct-to-consumer-centric business over the course of this year,” founder and CEO Nicholas Woodman wrote. “We are crushed that this forces us to let go of many talented members of our team, and we are forever grateful for their contributions.”
In addition to today’s layoffs, sales and marketing expenditure will be cut down in 2020 and beyond. Woodman himself won’t take a salary for the remainder of the year. The company’s board won’t receive any cash compensation either.
GoPro has withdrawn earnings guidance for Q1 and 2020. The company now expects revenue of $119 million with a non-GAAP EPS loss of $0.30 to $0.40 per share. In pre-market trading, GoPro shares are currently trading at $2.58, 3% below yesterday’s closing price.
Apr 16
Apple is reportedly developing over-ear headphones that have a modular design, and would allow owners to switch out different components to customize them after purchase. The new leak is the latest in a series about Apple’s vision for headphones beyond AirPods and AirPods Pro, though the new model will supposedly borrow technology from them such as active noise cancellation. Over-ear … Continue reading
Apr 16
Lenovo has revamped its Legion gaming notebook line, adding processors from Intel’s newest Core H-Series as well as offering bigger batteries and better RGB lighting. The new Lenovo Legion 7, Legion 5 and 5i, Legion Tower 5i, and IdeaPad Gaming 3 run the gamut from flagship gaming workhorse through to more affordable models, with the company also throwing in some … Continue reading
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