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RESTRUCTURING | 9 Months Ended
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Sep. 30, 2022
Restructuring and Related Activities [Abstract] |
RESTRUCTURING | RESTRUCTURING In June 2022, the Company announced and completed a restructuring impacting approximately 18% of the Company’s headcount. This strategic reduction of the existing global workforce was intended to manage the Company’s operating expenses in response to market conditions and ongoing business prioritization efforts. As a result, approximately 1,100 employees in various departments and locations were terminated. As part of their termination, they were given separation pay and other personnel benefits. The following expenses were recognized within restructuring expenses in the condensed consolidated statements of operations during the three and nine months ended September 30, 2022 (in thousands). The Company does not expect to incur any additional charges in connection with this restructuring.
| Three Months Ended September 30, 2022 |  | Nine Months Ended September 30, 2022 |  |  | Cumulative Costs Incurred to Date
Separation pay | $ | — |  |  | $ | 39,259 |  |  |  | $ | 39,259 |
Other personnel costs(1) | (1,232) |  |  | 1,962 |  |  |  | 1,962 |
Total | $ | (1,232) |  |  | $ | 41,221 |  |  |  | $ | 41,221 |
__________________ (1)The negative adjustment of $1.2 million during the three months ended September 30, 2022 is due to the release of accruals for certain other personnel costs recorded as of June 30, 2022 which were not utilized. The following table summarizes the balance of the restructuring reserve and the changes in the reserve as of and for the nine months ended September 30, 2022 (in thousands):
| Expenses Incurred |  | Payments |  | Adjustment to Other Personnel Costs |  | Accrued Balance as of September 30, 2022
Separation pay | $ | 39,259 |  |  | $ | (37,940) |  |  | $ | — |  |  | $ | 1,319 |
Other personnel costs | 3,194 |  |  | (1,480) |  |  | (1,232) |  |  | 482 |
Total | $ | 42,453 |  |  | $ | (39,420) |  |  | $ | (1,232) |  |  | $ | 1,801 |

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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(e)) -URI https://asc.fasb.org/extlink&oid=115931487&loc=d3e140904-122747 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (a) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -URI https://asc.fasb.org/topic&trid=2175745 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (e) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Publisher FASB -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -URI https://asc.fasb.org/extlink&oid=6394359&loc=d3e17939-110869 + Details
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