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 camera maker GoPro will let nearly a quarter of its workforce around the world go by the second quarter of 2026, according to a filing with the Securities and Exchange commission.
The company, which first launched its camera line in the early 2000s, plans to cut some 145 jobs globally, representing 23% of the company’s ending first quarter head count of 631 employees, per the filing.
The cuts are expected to be completed by the end of the year, the filing read.
The move comes after GoPro’s Board of Directors approved a restructuring plan on April 7 to “reduce operating costs and drive stronger operating leverage.”
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