secwatch / observer
8-K/A filed October 29, 2024, 7:59 PM ET ticker GPRO CIK 0001500435
other material confidence high sentiment negative materiality 0.65

GoPro, Inc. (GPRO): restructuring charge — GoPro updates restructuring plan, deepens workforce reduction to ~26% from 925 headcount

GoPro, Inc.

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 $15.5 million to $18.5 million (approximately 26% from our ending second quarter headcount of 925 full-time employees).

Type
restructuring
Charge
$15.5 million to $18.5 million
Headcount
approximately 26% from our ending second quarter headcount of 925 full-time employees
Exact text from the filing
On October 29, 2024, the Company announced that its Board of Directors of the Company approved an updated Restructuring Plan (the “Updated Restructuring Plan”). The Updated Restructuring Plan, which supersedes the previous estimates, is anticipated to entail an aggregate reduction in force of approximately 26% from our ending second quarter headcount of 925 full-time employees and is expected to be substantially completed by the end of 2024. The Updated Restructuring Plan is expected to result in an estimated aggregate charge in the range of $15.5 million to $18.5 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 0001500435-24-000148
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