GoPro to Lay Off 145 Employees in Cost-Cutting Plan

GoPro, the San Mateo, California-based action camera company, announced plans Monday to lay off approximately 145 employees, representing 23 percent of its global workforce of 631, as part of a restructuring effort to cut operating costs. The reductions, disclosed in a filing with the U.S. Securities and Exchange Commission, are set to begin in the second quarter of 2026 and conclude by the end of the year.

The board of directors approved the plan on April 7, aiming to improve operating leverage amid financial pressures. The restructuring is projected to incur charges between $11.5 million and $15 million, primarily for one-time termination benefits such as severance payments and continued healthcare coverage for affected workers. Cash expenditures are expected to total about $1.5 million in the second quarter of 2026, with the remainder spread across the third and fourth quarters, according to the SEC filing.

GoPro has faced declining revenues, reporting a 37 percent year-over-year drop in 2025, totaling $652 million, alongside a net loss of $93 million. The company attributed the downturn to intensifying competition from rivals like DJI and Insta360, as well as advanced...