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Restructuring Activities
 9 Months Ended
Sep. 30, 2023
Restructuring and Related Activities [Abstract]  
Restructuring Activities Restructuring Activities
In February 2023, the Company announced a workforce reduction plan (the “February 2023 Plan”) that eliminated approximately 17% of the Company’s workforce. The execution of the February 2023 Plan was substantially complete in the first quarter of 2023. The restructuring charges recorded in the three months ended September 30, 2023 were not significant. The cumulated restructuring charges recorded in the nine months ended September 30, 2023, were $140.3 million, which consisted of $129.2 million related to employee severance, benefits and facilitation costs, and $11.1 million related to vesting of employee stock-based compensation awards. The estimated remaining expenses related to the February 2023 Plan are not expected to be significant.
The following table summarizes the Company’s restructuring liability related to the February 2023 Plan that is included in accrued expenses and other current liabilities in the accompanying condensed consolidated balance sheets:
Workforce Reduction CostsFacilitation CostsTotal
(In thousands)
Balance as of December 31, 2022$— $— $— 
Restructuring charges119,562 9,623 129,185 
Cash payments(107,997)(9,529)(117,526)
Balance as of September 30, 2023$11,565 $94 $11,659 
The remaining restructuring charges related to the restructuring plan effected in September 2022 (the “September 2022 Plan”) that were incurred in 2023, and the remaining liabilities related to the September 2022 Plan as of September 30, 2023 and December 31, 2022, were not significant. In the three and nine months ended September 30, 2022, the Company recorded $72.5 million of restructuring charges in its accompanying condensed consolidated statements of operations related to the September 2022 Plan.