GoPro (GPRO) Undertakes 15% Workforce Reduction Strategy

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 $50 million to$320 million (+/- $5 million) in 2025 from the midpoint of the projected total operating expenses of$365-$370 million in 2024. The restructuring charges are expected between$5 million and $7 million. Of these charges, it expects to incur cash expens ...