GoPro layoffs, on the record
Every job cut, severance charge and restructuring GoPro reported in its annual reports, 2023 to 2025, quoted from the filings.
Job cuts, severance and restructuring
Our summaryApproved a restructuring plan to realign its manufacturing footprint, concentrating camera production in China and Thailand.
Word for word“In December 2022, we approved a restructuring plan to reduce camera production-related costs by globally realigning our manufacturing footprint to concentrate our production activities in two primary locations: China and Thailand.” 10-K for 2023
Our summaryRecorded the charges for the fourth quarter 2022 manufacturing restructuring.
Word for word“Under the fourth quarter 2022 restructuring, we recorded restructuring charges of $8.1 million, including $7.0 million for camera production line closure costs and $1.1 million for related transitional costs to migrate production to our remaining manufacturing locations.” 10-K for 2023
Our summaryPreviously carried out company-wide restructurings that reduced the global workforce, eliminated certain open positions, consolidated leased office facilities, and eliminated several high-cost initiatives.
Word for word“Additionally, we previously implemented company-wide restructurings of our business resulting in a reduction in our global workforce and the elimination of certain open positions, consolidation of certain leased office facilities, as well as the elimination of several high-cost initiatives, in order to focus our resources on cameras, accessories, and subscription and service.” 10-K for 2023
Our summaryCompany approved a first quarter 2024 restructuring plan to reduce its global workforce by about 4% and close certain office space.
Word for word“In March 2024, we approved a restructuring plan to reduce operating costs and drive stronger operating leverage by reducing our global workforce by approximately 4% and closing certain office space.” 10-K for 2024
Our summaryCompany approved an original restructuring plan and later an amended plan that reduced its global workforce by 25% compared to headcount ending Q2 2024.
Word for word“In connection with the Original Restructuring Plan and Updated Restructuring Plan, we reduced our global workforce by 25% compared to our headcount ending Q2 2024, and we recorded restructuring charges of $18.7 million including $12.7 million related to severance and $6.0 million of project cancellation costs.” 10-K for 2024
Our summaryCompany stated it may take further cost-saving actions, including additional restructuring or workforce reductions.
Word for word“We may undertake further similar cost-saving initiatives, which may include additional restructuring or workforce reductions.” 10-K for 2024
Our summaryIn August 2024 GoPro approved a restructuring plan, amended it in October 2024, and cut its global workforce by 25% from the Q2 2024 headcount, recording severance and project cancellation charges.
Word for word“In connection with the Original Restructuring Plan and Updated Restructuring Plan, we reduced our global workforce by 25% compared to our headcount ending Q2 2024, and we recorded restructuring charges of $18.7 million, including $12.7 million related to severance and $6.0 million of project cancellation costs.” 10-K for 2025
| Fiscal year ended | Restructuring charges | Cash paid for restructuring |
|---|---|---|
| 2016-12-31 | $43.1 million | — |
| 2017-12-31 | $20.3 million | — |
| 2018-12-31 | $22.7 million | — |
| 2019-12-31 | $1.5 million | — |
| 2020-12-31 | $25.4 million | — |
| 2021-12-31 | $1.2 million | — |
| 2022-12-31 | $8.5 million | — |
| 2023-12-31 | $738,000 | — |
| 2024-12-31 | $24.4 million | $12.6 million |
| 2025-12-31 | $4 million | — |
GoPro filed 11 restructuring notices (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from GoPro’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-03-12. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.