GoPro, Inc. (GPRO): restructuring charge — GoPro to cut 4% of workforce, expects $7.5M in restructuring costs

GoPro, Inc.

Workforce reduction of ~4% to lower operating costs; estimated aggregate costs ~$7.5M.
Cash expenditures ~$2.0M in Q1 2024 from reduction in force; impairment charges ~$3.3M from office space.
Additional office space charges of ~$2.2M expected through January 2027.
Majority of restructuring charges to be reflected in Q1 2024 GAAP results.

item 2.05

Key facts

Extracted from this filing and checked against the source text.

Restructurings & Charges SEC 8-K Item 2.05/2.06 confidence 0.9

GoPro, Inc. announced a restructuring with charges of approximately $7.5 million (approximately 4%).

Type: restructuring
Charge: approximately $7.5 million
Headcount: approximately 4%

Exact text from the filing

The restructuring of the Company’s business will result in estimated aggregate costs of approximately $7.5 million.

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13 restructurings & charges filed in the last 30 days. Browse all restructurings & charges →

GoPro, Inc. filing history →

Source: SEC EDGAR

accession 0001500435-24-000046

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