August 20, 2024

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Latest August 20, 2024

GoPro to Cut 15% of Workforce Amid Restructuring Efforts

Key Points: GoPro will cut about 15% of its workforce, affecting around 139 employees by the end of 2024. The company expects restructuring costs between $5 million and $7 million, with significant cash expenses recognized in the third and fourth quarters. GoPro reported a 22.7% decline in Q2 revenue and a 5% increase in operating...

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