In January 2026, we initiated a global restructuring plan (the “Restructuring Plan”) to support our transformation initiatives, including but not limited to (i) reallocating resources to AI-focused roles and teams that drive AI adoption and execution, (ii) prioritizing AI‑powered products and capabilities, and (iii) accelerating the transformation of our sales and go-to-market approach. As part of the Restructuring Plan, we commenced a workforce reduction of less than 15% as well as office space reductions.

Restructuring charges during the three and six months ended June 30, 2026 were as follows (in thousands):


	Three Months Ended		Six Months Ended
	June 30, 2026
Severance and other personnel costs	$	7,975	$	44,147
Share-based compensation	4,788		14,113
Office space reductions	1,572		3,172
Total Restructuring	$	14,335	$	61,432

We expect to incur total charges of up to $69.6 million under the Restructuring Plan through the end of the third quarter of 2026. We will record additional charges under the Restructuring Plan as incurred, and the timing and magnitude of such charges are subject to change. Liabilities under the Restructuring Plan are not material as of June 30, 2026.