GoPro Announces 23% Workforce Reduction Amid Ongoing Tech Layoffs in 2026
GoPro lays off 23% of its employees as tech job cuts continue to rise in 2026
The Times Of India
Image: The Times Of India
GoPro, the action camera company, will lay off approximately 145 employees, representing 23% of its workforce, by the end of 2026. This decision follows a quarterly loss of $9 million in 2025 and reflects broader trends in the tech industry, where layoffs have surged significantly, with over 52,000 jobs cut in the first quarter of 2026 alone.
- 01GoPro will reduce its workforce by 23%, affecting about 145 employees.
- 02The layoffs are part of a restructuring aimed at cutting costs after a $9 million loss in 2025.
- 03The tech industry has seen a significant rise in layoffs, with over 52,000 jobs cut in early 2026.
- 04AI-driven restructuring is contributing to job losses, although the timing of job creation does not match the layoffs.
- 05Companies like Amazon and Dell are also reducing their workforce despite revenue growth.
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GoPro will lay off 23% of its workforce, equating to approximately 145 employees, by the end of 2026 as part of a restructuring strategy to cut costs and improve profitability following a $9 million loss in 2025. The layoffs, which will commence in the second quarter, are expected to cost between $11.5 million and $15 million, primarily due to severance and healthcare obligations. This move reflects a broader trend in the tech industry, where layoffs have surged significantly. In the first quarter of 2026, over 52,000 tech jobs were cut, marking a 40% increase year-on-year. Major companies, including Amazon, Meta, and Dell, have also announced significant job cuts, indicating that the post-pandemic correction in the tech sector is ongoing. While artificial intelligence is cited as a factor in many of these layoffs, analysts caution that the job losses are not being offset by new roles being created, leading to a net employment gap.
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The layoffs at GoPro and across the tech industry signal a challenging job market, particularly for tech workers, as companies focus on cost-cutting and efficiency.
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