GoPro cuts 23% of workforce for profitability

GoPro is implementing significant workforce reductions, eliminating approximately 145 jobs, which represents 23% of its total employees. This strategic move aims to steer the company back towards profitability amidst challenges from heightened competition and diminishing revenues. The layoffs, scheduled for the second quarter of 2026, are anticipated to incur costs of up to $15 million for severance and healthcare benefits. This follows previous rounds of job cuts in 2024, underscoring the company's ongoing efforts to streamline operations and improve its financial standing in a difficult market.