Restructuring

12 Months Ended

Dec. 31, 2023

Restructuring and Related Activities [Abstract]

In January 2023, the Company initiated measures to reduce headcount to pursue greater cost efficiency and align strategic initiatives. These measures were substantially completed by June 30, 2023, and the total cost was $3.6 million. During this period, approximately 1% and 4% of the Company’s workforce terminated employment, which were voluntary and involuntary terminations, respectively. As a result, the Company incurred employee termination expenses and other associated costs.

A summary of the restructuring charges as reported on the consolidated statement of operations for the year ended December 31, 2023, of which $0.7 million were related to involuntary terminations, is as follows (in thousands):


Severance and other Personnel Costs	For the Year Ended December 31, 2023
Research and development	$	2,311
Sales and marketing	1,025
General and administrative	280
Total	$	3,616

The following table is a summary of the charges in the severance and other personnel liabilities, included within accrued expenses and other current liabilities on the consolidated balance sheet, related to the workforce reduction (in thousands):


Balance as of January 1, 2023	$	—
Severance and other personnel costs	3,616
Cash payments during the period	(3,616)
Balance as of December 31, 2023	$	—