After announcing a 15 percent reduction in staff last year, GoPro is continuing its cost-cutting measures into 2025 as CEO Nicholas Woodman voluntarily declined his salary for the remainder of the calendar year. According to paperwork filed with the Securities and Exchange Commission on March 19, Woodmand volunteered to waive his salary between March 19 and December 31.
Woodman’s move to cut his pay comes after the company planned to cut 15 percent of its workforce before the end of 2024. According to the waiver agreement, Woodman requested the salary waiver “in order to contribute to the Company’s operating expense reduction for 2025.”
