v3.26.1
Restructuring
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring
(11)
Restructuring

During the six months ended June 30, 2026, the Company implemented a restructuring program (“2026 Restructuring Program”) consisting of executive leadership changes and broader organizational changes intended to streamline operations, better align the Company's cost structure with its business priorities, and reduce operating costs. The 2026 Restructuring Program was carried out in two phases: an initial phase in the first quarter of 2026 and a broader organizational reorganization in the second quarter of 2026.

 

The 2026 Restructuring Program resulted in the reduction of approximately 5% of our workforce in the six months ended June 30, 2026. The Company incurred restructuring charges of $2.1 million and $2.9 million for the three and six months ended June 30, 2026, respectively, consisting primarily of employee severance and related benefits. As of June 30, 2026, $0.5 million of restructuring charges remained unpaid which was included in accrued expenses on the condensed consolidated balance sheets.