Phunware cuts 26% of full-time staff, 9 consultants; sees $2.0M annual savings

Phunware, Inc.

On November 4, 2026 Phunware began a reduction in force affecting about 8 full-time employees, roughly 26% of its full-time workforce.
Company also commenced termination notices to approximately 9 consultants on November 4, 2026.
Severance costs estimated at about $0.4 million; reductions expected complete by end of December 2026.
Anticipated annualized cost savings of approximately $2.0 million from the employee and consultant reductions.
Signed by Chief Executive Officer Dmitry Kroshka; filing dated November 10, 2026.

This headline and bullets were generated automatically by deepseek-v4.1-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.