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

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Another blow to the Bay Area tech industry as GoPro, the San Mateo action-based camera maker, announces a massive layoff of 23% of its workforce globally by the second quarter of 2026, according to a filing with the Securities and Exchange Commission.

The company plans to cut around 145 jobs worldwide, representing 23% of its first-quarter headcount of 631 employees. The layoffs are expected to be completed by the end of the year as part of a restructuring plan to reduce operating costs and drive stronger operating leverage.

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

The restructuring plan is expected to cost GoPro between $11.5 million and $15 million, including one-time benefits payouts to affected employees. Despite a decline in sales, CEO Nicolas Woodman remains optimistic about the company’s future.

The cuts are expected to affect some 145 jobs globally. Bloomberg via Getty Images

Recent layoffs at Oracle, another Bay Area tech company, further highlight the challenges facing the industry. The software maker announced thousands of job cuts, including 700 in California and nearly 500 in Seattle.

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

As of May 2025, Oracle employed around 162,000 full-time employees. Both GoPro and Oracle are facing challenges in the ever-evolving tech landscape, striving to adapt and thrive in a competitive industry.