MediaUS

Kaltura Layoffs

January 2023

Kaltura announced a layoff affecting 75 employees (11% of its workforce) in January 2023. The company operates in the Media sector.

People Affected

Percentage

11%

Announced Date

Jan 4, 2023

About

On January 4, 2023, Israeli video cloud platform Kaltura announced its second round of layoffs within six months, dismissing 75 employees, which represents 11% of its workforce. This includes 39 employees in Israel. Following a previous 10% reduction in mid-2022, the company, which had 758 employees at the end of 2021, is streamlining to save $16 million annually. Kaltura cited the need to adapt to lower demand and reduced organizational budgets in its market segment amid a challenging macroeconomic environment. The NASDAQ-listed company, providing video management systems primarily to businesses and media companies, expects the reorganization to be completed in the first half of 2023, incurring $1 million in pre-tax costs.