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Subsequent Event
6 Months Ended
Jun. 30, 2023
Subsequent Events [Abstract]  
Subsequent Event

13. Subsequent Event

On July 14, 2023, the Company approved a restructuring plan (the “Plan”) to lower the Company’s operating expenses. The Plan includes an expected reduction to the Company’s U.S. workforce of approximately 32%. The Company estimates that it will incur non-recurring payments in the range of $13 million to $15 million in connection with the Plan, primarily consisting of notice period and severance payments, accrued vacation and employee benefits contributions. The Company’s estimates are subject to a number of assumptions, and actual costs may differ materially. The Company expects that the majority of the restructuring charges will be recognized in the third quarter of 2023 and that the implementation of the headcount reductions, including cash payments, will be substantially complete by the end of the first quarter of 2024. The Plan is in connection with the Company’s efforts to streamline operations to align with the Company’s business goals. The Company may incur additional expenses not currently contemplated due to events associated with the Plan.