Restructuring charges

6 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

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