Restructuring Charges

6 Months Ended

Apr. 30, 2023

Payables and Accruals [Abstract]

Restructuring Charges

Restructuring Charges

In the first quarter of fiscal 2023, we initiated a restructuring plan for involuntary employee terminations as part of a business reorganization (the 2023 Plan). Total charges under the 2023 Plan are expected to be in the range of $50.0 million and $70.0 million, and consist primarily of severance costs and facility exit costs. The 2023 Plan is anticipated to be completed in the third quarter of fiscal 2023.

During the three and six months ended April 30, 2023, we recorded restructuring charges of $4.1 million and $45.0 million, respectively, and made payments of $36.6 million and $36.8 million, respectively, under the 2023 Plan. As of April 30, 2023, the outstanding restructuring related liabilities were $8.2 million and recorded in accounts payable and accrued liabilities in the condensed consolidated balance sheets.