GoPro Inc (NASDAQ:GPRO) has unveiled plans to cut its workforce by 15% as the action camera maker looks to bring operating costs under control amid a dip in sales.
Some 139 jobs are set to be affected under the move, which comes as part of a broader restructuring plan and follows a 4% headcount reduction in March this year.
According to a regulatory filing, the latest cuts will cost GoPro between US$5 million (£3.85 million) and US$7 million as roles are axed through to the end of the year.
This comes as GoPro has grappled with higher operating expenses and lower sales recently.
GoPro reported a 5% uptick in costs to US$103 million over the second quarter, alongside a 22.7% drop in revenue to US$186 million.
Some 925 full-time employees worked at the company as of the second quarter, with the layoffs mirroring a wider trend of cutbacks across the global technology sector since the pandemic.