yahoo news | Bay Area-based tech company announces shocking layoff of nearly a quarter of its...

GoPro, the San Mateo‑based action‑camera maker, announced it will cut roughly 145 jobs worldwide—about 23 % of its workforce—by the end of the second quarter of 2026. The layoffs were detailed in an SEC filing that cited a restructuring plan approved by the board on April 7, aimed at reducing operating costs and improving operating leverage. The company expects the restructuring expenses to range between $11.5 million and $15 million, covering one‑time severance and healthcare benefits for the affected employees.

The cuts come after a steep decline in GoPro’s sales, which fell nearly 37 % year‑over‑year in the November 2025 quarter. Despite the downturn, CEO Nicolas Woodman highlighted recent product launches—a MAX2 360 camera, LIT HERO camera, and Fluid Pro AI gimbal—alongside new software offerings, expressing confidence that revenue growth and profitability would resume in late 2025 and continue into 2026. Reactions on Reddit varied, with some users criticizing Woodman’s leadership while others suggested the layoffs could be a strategic move that might boost the stock if upcoming products perform well.

The GoPro layoff is part of a broader wave of reductions affecting Bay Area tech firms. Earlier in the month, Oracle disclosed plans to eliminate around 700 positions by June, adding to thousands of cuts announced across the industry. This trend underscores the ongoing challenges faced by technology companies as they grapple with declining sales, cost‑cutting measures, and the need to restructure in a shifting market environment.

Read more: https://finance.yahoo.com/markets/stocks/articles/bay-area-based-tech-company-020638839.html?fr=sycsrp_catchall

#gopro #sanmateo #sec #bayarea

undefined | GoPro lays off 23% of its employees as tech job cuts continue to rise in 2026

GoPro announced it will cut about 23 % of its workforce – roughly 145 employees – by the end of 2026. The action‑camera maker said the layoffs are part of a restructuring plan meant to slash costs after a $9 million quarterly loss in 2025. The reductions, slated to start in the second quarter, will cost between $11.5 million and $15 million in severance and healthcare obligations, and are intended to improve profitability while the company leans on its new GP3 processor to revive growth.

The cuts at GoPro reflect a wider wave of job losses in the technology sector. In the first quarter of 2026, over 52 000 tech positions were eliminated, a 40 % year‑on‑year increase, and analysts estimate that somewhere between 35 000 and 59 000 tech workers have already been laid off this year across nearly 200 firms. Major players such as Amazon (≈16 000 jobs), Meta, Salesforce, Atlassian, Block and Dell have all announced sizable reductions, signalling that the post‑pandemic correction is far from over.

Artificial intelligence is frequently cited as a driver of these layoffs, with about a quarter of March’s cuts directly linked to “AI‑driven restructuring.” Companies claim to be shifting budgets toward automation and AI‑enabled infrastructure, yet critics warn of “AI‑washing,” where the AI narrative simply masks cost‑cutting that would have happened anyway. While AI is creating demand for data‑science and machine‑learning talent, the new roles are not matching the volume or skill‑set of the positions being eliminated, leaving a net employment gap in the tech industry.

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#gopro #artificial-intelligence #ai #techindustry

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

More pain is hitting the Bay Area tech sector as GoPro, the San Mateo‑based maker of action cameras, announced a sweeping reduction of its workforce. In a filing with the U.S. Securities and Exchange Commission, the company disclosed that it will cut roughly 145 jobs worldwide – about 23 % of its headcount – by the end of the second quarter of 2026. The layoffs will affect employees across all regions and are part of a restructuring plan approved by GoPro’s board on April 7.

The restructuring plan is expected to cost GoPro between $11.5 million and $15 million, covering one‑time severance and health‑care benefits for the affected staff. The move comes after a November 2025 report showed GoPro’s sales had fallen nearly 37 % year‑over‑year. Despite the decline, CEO Nicolas Woodman tried to paint a brighter picture, citing the launch of three new hardware products (the MAX2 360 camera, LIT HERO camera and Fluid Pro AI gimbal) and several software offerings, and projecting a return to revenue growth and profitability beginning in Q4 2025 and continuing into 2026.

Reactions to the cuts have been mixed on social media. Reddit users expressed both sympathy for those losing jobs and criticism of Woodman’s leadership, while some noted that the layoffs might be a strategic move aligned with a broader trend of cost‑cutting across Bay Area firms. The announcement follows a larger wave of reductions in the region, most recently the revelation that Oracle will lay off roughly 700 employees by June, adding to thousands of job losses that have already been reported across the tech industry.

Read more: https://nypost.com/2026/04/08/us-news/bay-area-based-tech-company-announces-shocking-layoff-of-nearly-a-quarter-of-its-workforce/

#bayarea #gopro #sanmateo #ussecuritiesandexchangecommission #nicolaswoodman

Can't nobody afford to go on extreme adventures nowadays.

Maybe if life was more affordable, we'd share more sick jumps!

GoPro to lay off over 20 percent of staff by the end of 2026

https://www.engadget.com/cameras/gopro-to-lay-off-over-20-percent-of-staff-by-the-end-of-2026-131918779.html?src=rss

#GoPro #Layoffs #Labor #Tech

Orion in the Eclipse 🌑🧑‍🚀🪐

#artemis #eclipseorion #gopro #moon #nasa #orion #solareclipse #space

⏩ 2 new pictures from @stim3on https://commons.wikimedia.org/wiki/Special:ListFiles?limit=2&user=OptimusPrimeBot&ilshowall=1&offset=20260408110409