XML 40 R24.htm IDEA: XBRL DOCUMENT v3.23.2
Restructuring and other
 12 Months Ended
Jun. 30, 2023
Restructuring and Related Activities [Abstract]  
Restructuring and other Restructuring and other
On February 8, 2023, we committed to a restructuring plan (the “2023 Restructuring Plan”) designed to manage our operating expenses in response to current macroeconomic conditions and ongoing business prioritization efforts. As part of the plan, we reduced our workforce by approximately 500 employees, representing approximately 19% of our employees and incurred lease exit costs related to vacating a portion of our San Francisco office. Restructuring and other consists of employee severance pay and related costs and accelerations of amortization expense for the lease asset associated with certain of our office spaces.

For the year ended June 30, 2023, restructuring and other was comprised of the following (in thousands):
June 30, 2023
Employee severance pay and related costs$29,654 
Non-cash accelerations of depreciation and amortization expense6,216 
     Restructuring and other$35,870 
The Company’s restructuring accrual activity for the year ended June 30, 2023 is summarized as follows (in thousands):
2023
Restructuring Plan
Other Exit and Disposal Activities (1)
Accrued restructuring costs, June 30, 2022$— $— 
Additions26,297 2,116 
Cash paid(27,353)— 
Adjustments1,302 — 
Impact of foreign currency translation 62 — 
  Accrued restructuring costs, June 30, 2023
$308 $2,116 
(1)Includes employee severance pay and related costs, contract cancellation charges, among other items, related to other exit and disposal activities