GoPro (GPRO) Undertakes 15% Workforce Reduction Strategy
GPROGoPro(GPRO) ZACKS·2024-08-22 00:11

GoPro, Inc. (GPRO) recently announced its decision to trim nearly 15% of its workforce, as approved by its board of directors. The initiative is part of a broader restructuring plan, which is aimed at reducing operating expenses by approximately 50millionto50 million to 320 million (+/- 5million)in2025fromthemidpointoftheprojectedtotaloperatingexpensesof5 million) in 2025 from the midpoint of the projected total operating expenses of 365-370millionin2024. Therestructuringchargesareexpectedbetween370 million in 2024. The restructuring charges are expected between 5 million and $7 million. Of these charges, it expects to incur cash expens ...