Bay Area-based tech company announces shocking layoff of nearly a quarter of its workforce | Latest Tech News
More pain for the Bay Area tech sector as another company announces layoffs — this time a staggering 23% of the workforce.
The San Mateo action-based digicam maker GoPro will let nearly a quarter of its workforce around the world go by the second quarter of 2026, according to a submitting with the Securities and Exchange commission.
The company, which first launched its digicam line in the early 2000s, plans to cut some 145 jobs globally, representing 23% of the company’s ending first quarter head depend of 631 staff, per the submitting.
The San Mateo-based motion digicam company GoPro is slashing jobs. Getty Images
The cuts are anticipated to be accomplished by the end of the 12 months, the submitting read.
The transfer comes after GoPro’s Board of Directors accepted a restructuring plan on April 7 to “reduce operating costs and drive stronger operating leverage.”
“Restructuring Plan is expected to cost the tech company between $11.5 million and $15 million. The costs include one time benefits payouts to those “affected employees, including but not limited to severance payments and healthcare benefits,” the submitting famous.
The cuts are anticipated to impact some 145 jobs globally. Bloomberg via Getty Images
An article in November 2025, famous that GoPro gross sales had declined by nearly 37% 12 months over 12 months.
Despite the drop, CEO Nicolas Woodman put a constructive spin on the way in which issues stood at the time.
“Q3 marked a meaningful step forward in our strategy to diversify, grow, and restore profitability to GoPro’s business,” Woodman said. “We successfully launched three new TAM-expanding hardware products — our MAX2 360 camera, LIT HERO camera and Fluid Pro AI gimbal — alongside several new software offerings. We expect to return to revenue growth and profitability beginning Q4 2025 and in 2026.”
The cuts are anticipated to slash nearly a quarter of the company’s workforce. Getty Images/iStockphoto
Several people commented on a Reddit Post about the job cuts.
“Another round of layoffs (not to be confused with the previous layoffs, this is new). This is a brutal time to be laid off, I hope they land on their feet,” one particular person wrote. “This is 100% on Nick Woodman. He should have been laid off years ago.”
Another added, “Might be a good move for them, everyone laying off, thousands of employees, they just following the trend. For investors it sounds appealing.”
“Salaries cut off, new cameras + new processor at NBA Show -> Their stock will probably jump a lot on the next few weeks. So with this changes + new revenue if the launch is a success, might actually save them as a company.”
A November 2025 report said gross sales had been down 12 months over 12 months. Vladimir Razgulyaev – stock.adobe.com
On Tuesday, it was announced that some 700 employees at another Bay Area tech company, Oracle, can be out of work by June statewide.
The statewide tally along with another nearly 500 firings in Seattle, is an element of the software program maker’s just lately announced massacre that is reportedly in the 1000’s of jobs.
Last month, a 6 a.m. e mail message was despatched out to employees notifying fired staff that they had been out.
The message from one of the world’s largest software program corporations, chaired by billionaire Larry Ellison, informed “thousands” of employees across the globe that March 31 can be their last day.
Two people acquainted with the matter confirmed to CNBC that the layoffs concerned 1000’s of jobs.
It’s the latest Bay Area tech company to intestine its workforce globally. Getty Images
Oracle told The California Post that it will decline remark when requested about how many jobs had been being cut.
As of May 2025, the software program company employed around 162,0000 full-time staff, according to its annual submitting with the Securities and Exchange Commission.
The California Post reached out to GoPro for additional remark.
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