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Restructuring
9 Months Ended
Dec. 31, 2023
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
In August 2023, the Company announced a restructuring plan (the “Restructuring Plan”) intended to simplify the Company’s operations and better align the Company’s resources with its priorities. The Restructuring Plan included a reduction of the Company’s workforce by approximately 10%. The actions associated with the workforce reduction under the Restructuring Plan were substantially completed as of December 31, 2023. The Company incurred $7.9 million in restructuring expense in the second quarter of fiscal 2024 in connection with the workforce reduction under the Restructuring Plan, consisting of $4.3 million of severance payments and employee benefits and $3.6 million of stock-based compensation expense for the accelerated vesting of equity awards.
The following table summarizes the activities related to the Restructuring Plan as of December 31, 2023 (in thousands):
Workforce Reduction
Liability as of July 1, 2023
$— 
Charges4,258 
Payments(4,145)
Liability as of December 31, 2023
$113 
The liability as of December 31, 2023 for restructuring charges is included in accrued expenses and other current liabilities on the condensed consolidated balance sheets.