GoPro to cut about 15% of its workforce

GoPro will cut approximately 15% of its workforce as part of a previously announced plan to reduce operating expenses by about $50 million from projected fiscal 2024 expenses.

The company said on Monday that the board approved the restructuring plan and that the cuts to its workforce, which stood at 925 full-time employees at the end of the second quarter, will begin in the third quarter. The jobs cuts are expected to be substantially completed by the end of the year.

GoPro to cut total workforce by 4%, reduce office space

GoPro  said it is putting in place a restructuring plan that includes a global workforce cut of about 4% and reducing its office space to save on operating costs.

The wearable-camera maker on Tuesday didn’t detail how many employees would be affected by the headcount reduction, but it employed 930 people as of Dec. 31, according to its latest Securities and Exchange Commission filing.