Kaltura Layoffs
August 2022
Kaltura announced a layoff affecting 0 employees (10% of its workforce) in August 2022. The company operates in the Media sector.
0
10%
Aug 9, 2022
About
Israeli video cloud platform Kaltura announced on August 9, 2022, that it is laying off 10% of its workforce as part of a cost-reduction and reorganization plan. Based on its reported 758 employees at the end of 2021, this reduction impacts approximately 76 people, with 30 of those layoffs occurring in Israel. The company, which provides video management systems and went public in 2021, cited a challenging macroeconomic outlook and the need to realign operations for greater efficiency and productivity. This move comes as Kaltura faces a significant stock price decline and a hostile takeover bid from rival Panopto, aiming to return to profitable growth.
Related Events
More Media Layoffs
Report an Error
If you find incorrect information, please let us know so we can correct it.
support@layoffs.nl