---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-002415"
form_type: "8-K"
ticker: null
cik: "0001353538"
company_name: "Appgate, Inc."
filed_at: "2023-02-06T23:59:59+00:00"
generated_at: "2026-06-19T23:55:55.537958+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Appgate reduces workforce by 8% (34 positions) to align with market conditions

## Summary
- Reduction in force of 34 employees/contractors, approximately 8% of total workforce.
- Layoffs commenced Feb 1, 2023; substantially completed by Feb 2, 2023.
- Estimated $500K in severance and termination costs to be recognized in Q1 2023.
- Actions taken to support long-term success amid market conditions.

## SEC filing metadata
- accession: 0001628280-23-002415
- form_type: 8-K
- cik: 0001353538
- company_name: Appgate, Inc.
- filed_at: 2023-02-06T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.05
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1353538/000162828023002415/0001628280-23-002415-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1353538/000162828023002415/apgt-20230201.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-002415
- JSON: https://secwatch.observer/filing/0001628280-23-002415.json
- Plain text: https://secwatch.observer/filing/0001628280-23-002415.txt

## Key facts
- Restructurings & Charges
  Appgate, Inc. announced a restructuring with charges of approximately $500 thousand of costs and expenses (approximately an aggregate of 34 employees and contractors (approximately 8% of our workforce)).
  - Type: restructuring
  - Charge: approximately $500 thousand of costs and expenses
  - Headcount: approximately an aggregate of 34 employees and contractors (approximately 8% of our workforce)
  source text: employees and contractors by February 2, 2023. The Reduction has now been substantially completed. In connection with the Reduction, we estimate that we will incur approximately $500 thousand of costs and expenses, primarily comprising severance and termination-related costs, which we expect to recognize in the first quarter of 2023. Forward-Looking Statements This
  evidence_url: https://www.sec.gov/Archives/edgar/data/1353538/000162828023002415/0001628280-23-002415-index.htm

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