GoPro, Inc. Form 8-K Filing

GoPro, Inc. announced a restructuring plan approved by its Board of Directors on April 7, 2026, to reduce operating costs and enhance operating leverage. The plan includes a global reduction in force of approximately 145 employees, representing 23% of the company's first quarter headcount. This reduction, implemented in the second quarter of 2026 and expected to be completed by year-end, is anticipated to result in an aggregate charge of $11.5 million to $15 million. Cash expenditures for termination benefits, including severance and healthcare, are estimated to be approximately $1.5 million in Q2 2026, $5.5 million to $8 million in Q3 2026, and $4.5 million to $5.5 million in Q4 2026. The company cautioned that these estimates are subject to assumptions and actual amounts may differ. Forward-looking statements regarding the plan's costs and timing are subject to risks and uncertainties.