---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-025161"
form_type: "8-K"
ticker: "PHUN"
cik: "0001665300"
company_name: "Phunware, Inc."
filed_at: "2023-07-20T23:59:59+00:00"
generated_at: "2026-06-13T05:37:29.417029+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Phunware lays off 32 employees (33% of workforce); expects ~$5M annual savings

## Summary
- Reduction in force affects ~32 full-time employees, representing 33% of workforce.
- Severance costs expected to be immaterial; RIF to be completed by end of July 2023.
- Annual cost savings of approximately $5.0 million anticipated from RIF and other cost measures.
- Company refocusing on location-based platform in healthcare and hospitality for growth.

## SEC filing metadata
- accession: 0001628280-23-025161
- form_type: 8-K
- ticker: PHUN
- cik: 0001665300
- company_name: Phunware, Inc.
- filed_at: 2023-07-20T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.05, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1665300/000162828023025161/0001628280-23-025161-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1665300/000162828023025161/phun-20230714.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-025161
- JSON: https://secwatch.observer/filing/0001628280-23-025161.json
- Plain text: https://secwatch.observer/filing/0001628280-23-025161.txt

## Key facts
- Restructurings & Charges
  Phunware, Inc. announced a restructuring (approximately 32 full-time employees, representing 33% of the Company's workforce).
  - Type: restructuring
  - Headcount: approximately 32 full-time employees, representing 33% of the Company's workforce
  source text: On July 14, 2023, Phunware, Inc. (the "Company") commenced a reduction in force affecting approximately 32 full-time employees, representing 33% of the Company's workforce.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1665300/000162828023025161/0001628280-23-025161-index.htm

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