v3.24.2
Restructuring
6 Months Ended
Jun. 30, 2024
Restructuring and Related Activities [Abstract]  
Restructuring

Note 12. Restructuring

On February 7, 2024, we initiated a strategic restructuring to align financial, business and research and development objectives for long-term growth, including a reduction-in-force affecting approximately 10% of our employees. We incurred restructuring charges of $1.8 million for employee terminations benefits, including equity modification expense for the three and six months ended June 30, 2024. Restructuring payments were complete as of June 30, 2024.

A summary of accrued restructuring costs as of June 30, 2024 is shown in the table below (in thousands):

 

 

 

Six months ended June 30, 2024

 

Restructuring costs

 

 

1,812

 

Non cash payments

 

 

(366

)

Cash payments

 

 

(1,446

)

Accrued restructuring costs as of June 30, 2024

 

$

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