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Restructuring charges | 6 Months Ended
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Jun. 30, 2024
Restructuring and Related Activities [Abstract] |
Restructuring charges | Restructuring charges Restructuring charges for each period were as follows:
| Three months ended June 30, |  | Six months ended June 30, |  |
(in thousands) | 2024 |  | 2023 |  | 2024 |  | 2023 |  |  |  |  |  |
Cost of revenue | $ | 152 |  |  | $ | (184) |  |  | $ | 165 |  |  | $ | (183) |  |  |  |  |  |  |
Research and development | 1,565 |  |  | (1) |  |  | 2,595 |  |  | 10 |  |  |  |  |  |  |
Sales and marketing | 920 |  |  | — |  |  | 1,470 |  |  | 6 |  |  |  |  |  |  |
General and administrative | 411 |  |  | — |  |  | 1,030 |  |  | 3 |  |  |  |  |  |  |
Total restructuring charges | $ | 3,048 |  |  | $ | (185) |  |  | $ | 5,260 |  |  | $ | (164) |  |  |  |  |  |  |
First quarter 2024 restructuring On March 14, 2024, the Company approved a restructuring plan to reduce operating costs and drive stronger operating leverage by reducing the Company’s global workforce by approximately 4% and certain office space. Under the first quarter 2024 restructuring plan, the Company recorded restructuring charges of $2.3 million related to severance and $3.3 million related to a right-of-use asset impairment upon ceasing the use of certain office space. The Company anticipates approximately $2.2 million of office space charges through January 2027.
(in thousands) | Severance |  | ROU Asset Impairment |  | Total
Restructuring liability as of December 31, 2023 | $ | — |  |  | $ | — |  |  | $ | — |
Restructuring charges | 2,257 |  |  | 3,276 |  |  | 5,533 |
Cash paid | (1,490) |  |  | — |  |  | (1,490) |
Non-cash reductions | (222) |  |  | (3,276) |  |  | (3,498) |
Restructuring liability as of June 30, 2024 | $ | 545 |  |  | $ | — |  |  | $ | 545 |

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- Definition The entire disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References No definition available. + Details
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