On June 14, 2023, the Company initiated a restructuring plan to reduce its cost base (the “2023 restructuring plan”). The 2023 restructuring plan includes a reduction in force involving approximately 7% of the Company's employees, further reducing the Company’s real estate footprint, and re-evaluating certain program spend. Total pre-tax restructuring and abandonment costs under the 2023 restructuring plan were $11.4 million, substantially all of which were incurred in the third quarter of fiscal 2023, with nominal amounts to be incurred through the first quarter of fiscal 2024.

Restructuring and abandonment costs by major cost-type incurred were as follows:


	Three Months Ended		Nine Months Ended
(in thousands)	July 1, 2023		July 1, 2023
Employee-related costs	$	9,083	$	9,083
Lease abandonment charges1		279		5,126
Other restructuring costs		966		966
Total restructuring and abandonment costs	$	10,328	$	15,175
1 Lease abandonment charges for the nine months ended July 1, 2023, include $4.8 million of accelerated depreciation for leasehold improvements and non-recurring write-offs for operating lease right-of-use assets that were incurred in March 2023, when the Company abandoned portions of its office spaces for the remainders of their respective lease terms in support of operational efficiencies.

Restructuring costs are recorded in the Company's condensed consolidated statements of operations and comprehensive income (loss) as follows:


	Three Months Ended		Nine Months Ended
(in thousands)	July 1, 2023		July 1, 2023
Research and development1	$	3,686	$	6,368
Sales and marketing1		4,422		5,455
General and administrative1		2,220		3,352
Total restructuring and abandonment costs	$	10,328	$	15,175
1 Restructuring and abandonment costs for the nine months ended July 1, 2023, include accelerated depreciation for leasehold improvements and non-recurring write-offs for operating lease right-of-use assets that were incurred in March 2023, when the Company abandoned portions of its office spaces for the remainders of their respective lease terms in support of operational efficiencies.

The following table summarizes the Company's restructuring activities recorded in accrued expenses and accrued compensation within the condensed consolidated balance sheets:


(in thousands)	Employee Related Costs			Other Restructuring Costs		Total
Balance as of April 1, 2023	$	-		$	-	$	-
Restructuring charges		9,083			966		10,049
Cash paid		(768	)		—		(768	)
Balance as of July 1, 2023	$	8,315		$	966	$	9,281