---
schema_version: "secwatch.filing_event.v1"
accession: "0001500435-24-000148"
form_type: "8-K/A"
ticker: "GPRO"
cik: "0001500435"
company_name: "GoPro, Inc."
filed_at: "2024-10-29T23:59:59+00:00"
generated_at: "2026-05-30T09:08:41.144283+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# GoPro updates restructuring plan, deepens workforce reduction to ~26% from 925 headcount

## Summary
- Restructuring plan expanded to ~26% reduction in force vs original 15%; substantially complete by end of 2024.
- Estimated total charges of $15.5M-$18.5M; cash severance $8M-$9M and project cancellation costs $6M-$8M in Q4 2024.
- Updated plan approved Oct 29, 2024, superseding previous estimates announced Aug 19, 2024.

## SEC filing metadata
- accession: 0001500435-24-000148
- form_type: 8-K/A
- ticker: GPRO
- cik: 0001500435
- company_name: GoPro, Inc.
- filed_at: 2024-10-29T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1500435/000150043524000148/0001500435-24-000148-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1500435/000150043524000148/gpro-20241029.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001500435-24-000148
- JSON: https://secwatch.observer/filing/0001500435-24-000148.json
- Plain text: https://secwatch.observer/filing/0001500435-24-000148.txt

## Key facts
- Restructurings & Charges
  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
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1500435/000150043524000148/0001500435-24-000148-index.htm

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