Bay Area-based tech company announces shocking – Business News
More ache for the Bay Area tech sector as one other company announces layoffs — this time a staggering 23% of the workforce.
The San Mateo action-based digicam maker GoPro will let practically a quarter of its workforce all over the world go by the second quarter of 2026, in line with a submitting with the Securities and Exchange commission.
The company, which first launched its digicam line within the early 2000s, plans to cut some 145 jobs globally, representing 23% of the company’s ending first quarter head rely of 631 workers, 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 top of the 12 months, the submitting learn.
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 by way of Getty Images
An article in November 2025, famous that GoPro gross sales had declined by practically 37% 12 months over 12 months.
Despite the drop, CEO Nicolas Woodman put a constructive spin on the best way issues stood on the time.
“Q3 marked a meaningful step forward in our strategy to diversify, grow, and restore profitability to GoPro’s business,” Woodman stated. “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 practically a quarter of the company’s workforce. Getty Images/iStockphoto
Several people commented on a Reddit Post concerning 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 individual 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 stated gross sales have been down 12 months over 12 months. Vladimir Razgulyaev – stock.adobe.com
On Tuesday, it was introduced that some 700 staff at one other Bay Area tech company, Oracle, can be out of work by June statewide.
The statewide tally together with one other practically 500 firings in Seattle, is a component of the software program maker’s just lately introduced massacre that’s reportedly within the 1000’s of jobs.
Last month, a 6 a.m. electronic mail message was despatched out to staff notifying fired workers that they have been out.
The message from one of the world’s largest software program firms, chaired by billionaire Larry Ellison, knowledgeable “thousands” of staff throughout the globe that March 31 can be their final day.
Two people accustomed to the matter confirmed to CNBC that the layoffs concerned 1000’s of jobs.
It’s the newest Bay Area tech company to intestine its workforce globally. Getty Images
Oracle instructed The California Post that it might decline remark when requested about how many roles have been being cut.
As of May 2025, the software program company employed round 162,0000 full-time workers, in line with its annual submitting with the Securities and Exchange Commission.
The California Post reached out to GoPro for additional remark.
