GoPro to cut 15% of workforce in restructuring process By Reuters

(Reuters) – Action camera maker GoPro said on Monday it would cut about 15 percent of its workforce, or nearly 139 jobs, as part of a restructuring plan to reduce operating expenses.

The company expects to take charges in the range of $5 million to $7 million for the restructuring plan, with cash charges of $1 million to be recognized in the third quarter and approximately $4 million to $6 million dollars in the fourth quarter of 2024.

The layoffs are expected to begin in the third quarter and be completed by the end of 2024.