v3.26.1
RESTRUCTURING
3 Months Ended
Mar. 31, 2026
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
In December 2025, the board of directors approved a workforce reduction representing approximately one-third of our workforce prior to the reduction in headcount. In 2025, we incurred approximately $17.0 million in restructuring and restructuring-related charges, primarily consisting of one-time employee severance payments, healthcare and related benefits, and other employee-related costs. The charges were recorded within restructuring charges in the consolidated statements of operations.
The workforce reduction was substantially completed in the first quarter of 2026. There were no restructuring charges during the three months ended March 31, 2025.
(in millions)
Restructuring
Accrued balance as of December 31, 2025
17,032 
Expenses and adjustments
(394)
Payments(13,532)
Accrued balance as of March 31, 2026
3,106