---
schema_version: "secwatch.filing_event.v1"
accession: "0001432133-23-000008"
form_type: "8-K"
ticker: "KLTR"
cik: "0001432133"
company_name: "KALTURA INC"
filed_at: "2023-01-04T23:59:59+00:00"
generated_at: "2026-06-20T20:15:43.448727+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Kaltura approves re-organization plan; cuts ~11% of workforce for ~$16M annual savings

## Summary
- Board approved downsizing approximately 11% of the current workforce on January 3, 2023.
- Annualized cost reduction from the downsizing expected to be approximately $16 million.
- Pre-tax charges of ~$1 million for severance and related costs to be expensed in Q1 2023.
- Plan aims to realign operations for lower demand and support return to profitability.
- Substantial completion of the plan expected in the first half of 2023.

## SEC filing metadata
- accession: 0001432133-23-000008
- form_type: 8-K
- ticker: KLTR
- cik: 0001432133
- company_name: KALTURA INC
- filed_at: 2023-01-04T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1432133/000143213323000008/0001432133-23-000008-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1432133/000143213323000008/kltr-20230104.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001432133-23-000008
- JSON: https://secwatch.observer/filing/0001432133-23-000008.json
- Plain text: https://secwatch.observer/filing/0001432133-23-000008.txt

## Key facts
- Restructurings & Charges
  KALTURA INC announced a restructuring with charges of approximately $1 million (approximately 11% of the Company’s current workforce).
  - Type: restructuring
  - Charge: approximately $1 million
  - Headcount: approximately 11% of the Company’s current workforce
  source text: On January 3, 2023, the Board of Directors of Kaltura, Inc. (the “Company”) approved a re-organization plan (the “Plan”) that includes, among other things, downsizing approximately 11% of the Company’s current workforce and adapting the Company's organizational structure, roles, and responsibilities accordingly. The total cost reduction from the downsizing on an annualized basis is expected to be approximately $16 million. The Plan is focused on realigning the Company’s operations to further increase efficiency and productivity, in reaction to the current macro-economic climate. The Plan's main objectives are to position the Company for lower demand, spend, and available budgets across the Company's market segments, align the Company's business strategy in light of these market conditions and support the Company’s growth initiatives and return path to profitability. In connection with the Plan, the Company expects to incur pre-tax charges of approximately $1 million, primarily for seve
  evidence_url: https://www.sec.gov/Archives/edgar/data/1432133/000143213323000008/0001432133-23-000008-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.