"GoPro plans to lay off 145 workers, which represents nearly a quarter of its workforce, as part of a strategy to curb spending and improve financial stability."
"The layoffs are set to begin in the second quarter of 2026 and are expected to be completed by the end of the year, according to a federal filing."
"The company estimates that it will incur costs between $11.5 million and $15 million for severance and health care benefits for the employees being laid off."
"GoPro has faced ongoing financial challenges, including a previous round of layoffs in 2024 that affected 135 workers, and CEO Nicholas Woodman forfeited his salary in 2025."
GoPro will lay off 145 employees, nearly 25% of its workforce, to cut costs. The layoffs will begin in the second quarter of 2026 and conclude by the end of the year. The company anticipates spending $11.5 million to $15 million on severance and health care for affected workers. GoPro has struggled financially for years, previously laying off 135 workers in 2024, and CEO Nicholas Woodman forfeited his salary in 2025 to support the company.
Read at SFGATE
Unable to calculate read time
Collection
[
|
...
]