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GoPro to Lay Off 23 Percent of Workforce in Major 2026 Restructuring Plan

GoPro to Lay Off 23 Percent of Workforce in Major 2026 Restructuring Plan

By Tonyreduce • 9 April 2026

GoPro has announced a significant workforce reduction, cutting approximately 145 employees or 23% of its total staff by the end of 2026.

This aggressive restructuring plan is designed to lower operating costs and boost profitability following a $9 million quarterly loss reported in late 2025.

The layoffs are scheduled to begin in the second quarter and will cost the company between $11.5 million and $15 million in severance. Despite betting on its new GP3 processor to drive future growth,

GoPro's immediate strategy shifted toward expense reduction amid intense competition from smartphones and specialized camera rivals.

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GoPro to Lay Off 23 Percent of Workforce in Major 2026 Restructuring Plan

#GoPro#TechLayoffs#Restructuring#GoProGP3#TechNews2026#BusinessUpdate#ActionCamera#MarketTrends#HindustanTimes#FondPeace

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