In June 2022, the Company announced and completed a restructuring impacting approximately 18% of the Company’s headcount. This strategic reduction of the existing global workforce was intended to manage the Company’s operating expenses in response to market conditions and ongoing business prioritization efforts. As a result, approximately 1,100 employees in various departments and locations were terminated. As part of their termination, they were given separation pay and other personnel benefits.

The following expenses were recognized within restructuring expenses in the consolidated statements of operations during the year ended December 31, 2022 (in thousands). The Company does not expect to incur any additional charges in connection with this restructuring.

The following table summarizes the balance of the restructuring reserve and the changes in the reserve as of and for the year ended December 31, 2022 (in thousands):


	Expenses Incurred		Payments		Adjustments		Accrued Balance as of December 31, 2022
Separation pay	$	39,259	$	(38,741)	$	(518)	$	—
Other personnel costs	3,194		(1,962)		(1,232)		—
Total	$	42,453	$	(40,703)	$	(1,750)	$	—