Bay Area-based tech company announces shocking layoff of nearly a

Bay Area-based tech company announces shocking layoff of nearly a

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 digital camera maker GoPro will let nearly a quarter of its workforce round the world go by the second quarter of 2026, according to a submitting with the Securities and Exchange fee.

The company, which first launched its digital camera line in the early 2000s, plans to chop some 145 jobs globally, representing 23% of the company’s ending first quarter head depend of 631 workers, per the submitting.

The San Mateo-based action digital camera company GoPro is slashing jobs. Getty Images

The cuts are anticipated to be accomplished by the end of the yr, 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 through Getty Images

An article in November 2025, famous that GoPro sales had declined by nearly 37% yr over yr.

Despite the drop, CEO Nicolas Woodman put a optimistic spin on the method 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 sales had been down yr over yr. Vladimir Razgulyaev – inventory.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 together with another nearly 500 firings in Seattle, is a component of the software maker’s lately announced massacre that is reportedly in the hundreds of jobs.

Last month, a 6 a.m. e-mail message was despatched out to employees notifying fired workers that they had been out. 

The message from one of the world’s largest software corporations, chaired by billionaire Larry Ellison, informed “thousands” of employees across the globe that March 31 can be their last day.

Two people accustomed to the matter confirmed to CNBC that the layoffs concerned hundreds of jobs.

It’s the latest Bay Area tech company to intestine its workforce globally. Getty Images

Oracle told The California Post that it could decline remark when requested about how many jobs had been being lower.

As of May 2025, the software company employed round 162,0000 full-time workers, 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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