Brief: GoPro Inc Intends To Reduce Its Global Workforce By Approximately 4%

GoPro

26/03/2024 22:10

March 26 (Reuters) - GoPro Inc  GPRO.O :
    * GOPRO INC - INTENDS TO REDUCE ITS GLOBAL WORKFORCE BY
APPROXIMATELY 4%
    * GOPRO INC - RESTRUCTURING OF THE COMPANY’S BUSINESS WILL
RESULT
IN ESTIMATED AGGREGATE COSTS OF APPROXIMATELY $7.5 MILLION
    * GOPRO - CASH EXPENDITURES WILL BE ABOUT $2.0 MILLION OF
ESTIMATED AGGREGATE COSTS IN Q1 2024 AS A RESULT OF A REDUCTION
IN FORCE
    * GOPRO - ESTIMATES IMPAIRMENT CHARGES OF ABOUT $3.3 MILLION
IN Q1
2024 RELATED TO THE REDUCTION IN OFFICE SPACE
    * GOPRO - ANTICIPATES ABOUT $2.2 MILLION OF OFFICE SPACE
CHARGES
THROUGH JANUARY 2027
    * GOPRO - ANTICIPATES THAT SUBSTANTIAL PORTION OF
RESTRUCTURING
CHARGES WILL BE REFLECTED IN GAAP RESULTS FOR Q1 OF FISCAL YEAR
ENDED DEC 31, 2024

Source text for Eikon:  ID: 
Further company coverage:  GPRO.O 

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