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Shares of GoPro, Inc. (GPRO) edged up 1% after-hours on Tuesday after the company announced that it will layoff about 145 employees in a bid to reduce operating costs.
The action camera manufacturer said that the layoffs account for 23% of its global headcount of 631 employees as of the end of the first quarter.
The layoffs are expected to be completed by the end of 2026 and are estimated to result in a charge of $11.5 million to $15 million, the company said.
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