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Restructuring Activities
6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Restructuring Activities
Note 15. Restructuring Activities
During the three and six months ended June 30, 2024, the Company incurred restructuring costs of $1.2 million and $5.8 million, respectively, in continuation of management’s headcount actions as part of the broader efforts to optimize the Company’s cost structure. The restructuring costs primarily consisted of severance payments, employee benefits and related costs. The Company expects to substantially complete these actions in 2024, subject to local law and consultation requirements in certain countries. The Company may incur other charges or cash expenditures not currently contemplated due to unanticipated events that may occur as a result of or in connection with the implementation of these actions.
The following table summarizes the Company’s restructuring costs that were recorded as an operating expense in the accompanying Condensed Consolidated Statement of Operations during the three and six months ended June 30, 2024, and 2023 (in thousands):
Three Months Ended
June 30,
Six Months Ended
June 30,
2024202320242023
Cost of revenues$46 $271 $607 $689 
Research and development323 1,053 1,773 2,487 
Sales and marketing449 1,370 2,611 3,969 
General and administrative380 912 789 1,336 
Total restructuring costs$1,198 $3,606 $5,780 $8,481 
The following table summarizes the Company’s restructuring liability that is included in accrued liabilities in the accompanying Condensed Consolidated Balance Sheets (in thousands):
Balance as of December 31, 2023$3,191 
Restructuring costs5,780 
Cash payments(7,533)
Balance as of June 30, 2024$1,438