(Reuters) -Action camera maker GoPro said on Monday it would cut about 15% of its workforce, or close to 139 jobs, as part of a restructuring plan to reduce operating expenses.
The company expects to take charges in the range of $5 million to $7 million for the restructuring plan, with cash expenses of $1 million to be recognized in the third quarter and about $4 million to $6 million in the fourth quarter of 2024.
The layoffs are expected to begin in the third quarter and be completed by the end of 2024.
(Reporting by Juby Babu in Mexico City; Editing by Mohammed Safi Shamsi)
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