Kaltura Lays off 11% workforce

Kaltura is a video creation and distribution company that has declared around 11 % of the workforce which means 77 employees of their overall headcount.

Israeli-founded video creation and distribution company Kaltura announced on Wednesday that it will reduce its workforce by about 11%. This is the company’s second round of layoffs in five months after it cut its headcount by 10% last August.

Following the most recent layoffs, which will include 39 employees in Israel, Kaltura will have a total headcount of around 700, of which less than 400 are based in Israel. The company said on Wednesday that it expects to book charges of about $16 million related to the move, which it plans to complete in the first half of the year. Kaltura shares have fallen 47% in the last 12 months. Kaltura went public in 2021 at a $1.2 billion valuation but has seen its market cap fall to around $240 million since.

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