---
schema_version: "secwatch.filing_event.v1"
accession: "0001500435-24-000145"
form_type: "8-K"
ticker: "GPRO"
cik: "0001500435"
company_name: "GoPro, Inc."
filed_at: "2024-08-19T23:59:59+00:00"
generated_at: "2026-05-31T08:39:49.973306+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# GoPro announces restructuring plan to reduce headcount by 15%, targeting $50M expense reduction

## Summary
- Restructuring plan approved Aug 19, 2024; aims to cut 2025 operating expenses to $320M ±$5M, down from projected 2024 expenses.
- Reduction in force of ~15% of 925 full-time employees (as of Q2 2024), starting Q3, substantially complete by end of 2024.
- Expected aggregate restructuring charges $5M to $7M; cash expenditures ~$1M in Q3 and $4M-$6M in Q4 2024.
- Charges primarily incurred in Q4 2024.

## SEC filing metadata
- accession: 0001500435-24-000145
- form_type: 8-K
- ticker: GPRO
- cik: 0001500435
- company_name: GoPro, Inc.
- filed_at: 2024-08-19T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500435/000150043524000145/0001500435-24-000145-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500435/000150043524000145/gpro-20240819.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500435-24-000145
- JSON: https://secwatch.observer/filing/0001500435-24-000145.json
- Plain text: https://secwatch.observer/filing/0001500435-24-000145.txt

## Key facts
- Restructurings & Charges
  GoPro, Inc. announced a restructuring with charges of in the range of $5 million to $7 million (approximately 15% from our ending second quarter headcount of 925 full-time employees).
  - Type: restructuring
  - Charge: in the range of $5 million to $7 million
  - Headcount: approximately 15% from our ending second quarter headcount of 925 full-time employees
  source text: On August 19, 2024, GoPro (the "Company") announced that its Board of Directors of the Company approved a restructuring plan (the “Restructuring Plan”) to help achieve that goal. The Restructuring Plan is anticipated to entail a reduction in force of approximately 15% from our ending second quarter headcount of 925 full-time employees beginning in Q3 2024 and is expected to be substantially completed by the end of 2024 (the “Reduction in Force”). The Restructuring Plan is expected to result in an estimated aggregate charge of in the range of $5 million to $7 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500435/000150043524000145/0001500435-24-000145-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.