GoPro announced on Monday that it will lay off about 15% of its workforce as part of the restructuring plan to reduce operating costs. The company expects the restructuring plan to cost between $5 million and $7 million, with $1 million in cash expenditures to be recognized in the third quarter and approximately $4 million to $6 million to be recognized in the fourth quarter of 2024. The layoffs will affect about 139 positions and are expected to begin in the third quarter and be completed by the end of 2024. As of the end of the second quarter on June 30, the company had 925 full-time employees.