Subsequent Events

6 Months Ended

Jun. 30, 2023

Subsequent Events [Abstract]

Subsequent Events

14. Subsequent Event

2023 Restructuring Plan

On July 31, 2023, the Company commenced the 2023 Restructuring Plan, which is expected to result in the reduction of the Company's global employees by approximately 64 employees, representing approximately 37% of the Company's global employees as of June 30, 2023. In addition, the Company expects to release 14 full-time-equivalent contractors, reducing its total full-time-equivalent employee and contractor workforce by approximately 40% from 195 to 117. The Company expects to substantially complete the 2023 Restructuring Plan by the end of the quarter ending September 30, 2023.

The Company estimates that it will incur approximately $1.0 million to $1.5 million of cash expenditures in connection with the 2023 Restructuring Plan, substantially all of which relates to severance costs. The Company expects to recognize the majority of the pre-tax restructuring charges by the end of the quarter ending September 30, 2023.