Action Camera Maker GoPro Lays Off 23 Percent of Workforce to Cut Costs

CompaniesThe company’s stock price has fallen by almost 94 percent in the past five years.A GoPro Hero 6 camera in Las Vegas on Jan. 9, 2018. David Becker/Getty ImagesDylan Morgan4/9/2026|Updated: 4/9/20260:00Camera maker GoPro announced a 145 person layoff, roughly 23 percent of its global headcount, on Tuesday, as part of a company-wide restructuring plan to cut operating costs and increase operating leverage.The layoffs will begin this quarter and are expected to finish by the end of 2026.