In February 2026, we announced a restructuring plan (“Fiscal 2027 Restructuring Plan”) intended to better align our people and resources to our highest priorities in fiscal 2027. The plan is expected to result in the reduction of approximately 2% of our workforce, and the impairment of certain office space and long-lived assets. The activities associated with this plan are expected to be substantially completed by the first quarter of fiscal 2027.

We incurred total charges of $135 million in connection with this plan in fiscal 2026. The charges consisted of $55 million related to employee transition, severance payments, employee benefits, and share-based compensation, and $80 million related to impairments of office space and certain long-lived assets.

The following table summarizes the activity under the Fiscal 2027 Restructuring Plan (in millions):


	Workforce Reduction		Asset Impairments		Total
Restructuring liability as of January 31, 2025	$	0	$	0	$	0
Charges	55		80		135
Payments	0		0		0
Non-cash items	(14)		(80)		(94)
Restructuring liability as of January 31, 2026	$	41	$	0	$	41

In February 2025, we announced a restructuring plan (“Fiscal 2026 Restructuring Plan”) intended to prioritize our investments and continue advancing our ongoing focus on durable growth. This plan resulted in the reduction of approximately 7.5% of our workforce and the exit of certain owned office space. The activities associated with this plan were substantially completed in the second quarter of fiscal 2026.

We incurred total charges of $233 million in connection with this plan, of which $65 million was recognized in fiscal 2025 and $168 million was recognized in fiscal 2026. The charges consisted of $196 million related to employee transition, severance payments, employee benefits, and share-based compensation, and $37 million related to an impairment of office space.

The following table summarizes the activity under the Fiscal 2026 Restructuring Plan (in millions):


	Workforce Reduction		Asset Impairments		Total
Restructuring liability as of January 31, 2024	$	0	$	0	$	0
Charges	65		0		65
Payments	0		0		0
Non-cash items	(8)		0		(8)
Restructuring liability as of January 31, 2025	$	57	$	0	$	57
Charges	131		37		168
Payments	(146)		0		(146)
Non-cash items	(42)		(37)		(79)
Restructuring liability as of January 31, 2026	$	0	$	0	$	0

During fiscal 2025, we recorded exit charges of $19 million associated with office space reductions under a separate restructuring plan.