v3.25.2
Restructuring and Other Charges
 9 Months Ended
Jun. 28, 2025
Restructuring and Related Activities [Abstract]  
Restructuring and Other Charges
13. Restructuring and Other Charges
The Company started a cost transformation initiative in the second half of fiscal 2024 with the goal of optimizing investments for sustainable, long-term growth. This included the August 14, 2024 initiation of a restructuring plan (the "2024 restructuring plan") that involved a reduction in force of approximately 6% of its employees and a reduction to its real estate footprint. Building on this effort, the Company announced a subsequent restructuring on February 5, 2025, including a reduction in force involving approximately 12% of its employees (the “2025 restructuring plan”). This cost transformation also involved charges related to rationalization of its product roadmap. Furthermore, in January 2025, Patrick Spence stepped down from his role as Chief Executive Officer ("CEO") and as a member of the Board, resulting in the Company incurring costs related to this transition, which are also included in restructuring and other charges.
The following table summarizes the components of restructuring and other charges:
Three Months EndedNine Months Ended
(in thousands)June 28,
2025		June 29,
2024		June 28,
2025		June 29,
2024
Cash restructuring charges:
Employee-related costs$1,874 $443 $17,227 $443 
Other restructuring costs (1)
(1,327)850 2,071 1,157 
Total cash charges$547 $1,293 $19,298 $1,600 
Non-cash charges:
Stock-based awards (2)
$1,434 $— $4,577 $— 
Asset write-offs— — 1,746 266 
Total non-cash charges$1,434 $— $6,323 $266 
Total restructuring and other charges$1,981 $1,293 $25,621 $1,866 
(1)Other restructuring charges include estimated costs primarily related to rationalization of the Company's product roadmap, including a benefit for the three months ended June 28, 2025, related to a change in estimate resulting from favorable contract negotiations with one of the Company's contract manufacturers.
(2)Non-cash charges for stock-based awards were related to modifications for equity awards primarily in connection with the CEO transition. These modifications included accelerated vesting of certain RSUs and an extension of the post-termination exercise period for certain stock options.
The following table summarizes restructuring and other charges recorded in the Company's condensed consolidated statements of operations and comprehensive income (loss):
Three Months EndedNine Months Ended
(in thousands)June 28,
2025		June 29,
2024		June 28,
2025		June 29,
2024
Cost of revenue
$(514)$— $3,420 $— 
Research and development
(824)478 11,882 801 
Sales and marketing
1,038 185 3,831 297 
General and administrative
2,281 630 6,488 768 
Total restructuring and other charges
$1,981 $1,293 $25,621 $1,866 
The following table summarizes the Company's restructuring and other charges recorded in accrued expenses and accrued compensation within the condensed consolidated balance sheets:
(in thousands)
Employee Related Costs
Other
Restructuring Costs
Total
Balance as of September 28, 2024(1)
$2,152 $1,037 $3,189 
Restructuring charges17,227 2,071 19,298 
Cash paid(16,294)(1,529)(17,823)
Balance as of June 28, 2025
$3,085 $1,579 $4,664 
(1)Balance as of September 28, 2024, relates to activities under the 2024 restructuring plan.