GoPro On Oct. 29 Approved Updated Restructuring Plan Anticipated To Entail Workforce Reduction Of 26%; Sees $15.5M-$18.5M In Aggregate Charge
Portfolio Pulse from Benzinga Newsdesk
GoPro has approved an updated restructuring plan that includes a 26% workforce reduction, resulting in an expected charge of $15.5M-$18.5M.
October 29, 2024 | 8:24 pm
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GoPro has announced a significant restructuring plan involving a 26% reduction in its workforce, which is expected to result in a charge of $15.5M-$18.5M. This move is likely aimed at cost reduction and improving financial performance.
The restructuring plan indicates GoPro's efforts to streamline operations and reduce costs, which could improve profitability in the long term. The market may react positively to the potential for improved financial performance.
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