v3.26.1
Restructuring
6 Months Ended
Jun. 30, 2026
Restructuring and Related Activities [Abstract]  
Restructuring
Note 5 - Restructuring
In June 2025, the Company announced its decision to reduce its global workforce (the “2025 Restructuring Plan”) by approximately 240 roles, representing approximately 30% of the Company's employees, as it realigns its operating structure to optimize execution on its strategic priorities. The Company expects to incur approximately $16.0 million of total non-recurring charges through the end of 2026, consisting primarily of employee severance, benefits, and related charges for impacted employees.
In February 2025, the Company announced its decision to discontinue its operation of the Fruitz and Official apps. The Official app was discontinued during the second quarter of 2025 and Fruitz was sold to a third party in July 2025. The Company incurred $1.4 million of expenses through the third quarter of 2025, consisting primarily of employee severance, benefits and related charges for impacted employees. See Note 4, Goodwill and Intangible Assets, Net, for additional information on the Official app.
The following table presents the total non-recurring restructuring charges by function for the periods indicated (in thousands):
Three Months Ended
June 30, 2026
Three Months Ended
June 30, 2025
Six Months Ended
June 30, 2026
Six Months Ended
June 30, 2025
Cost of revenue$114 $958 $483 $994 
Selling and marketing23 1,830 65 2,025 
General and administrative(9)3,354 169 3,429 
Product development706 6,036 1,753 6,940 
Total$834 $12,178 $2,470 $13,388 
The following table summarizes the restructuring-related liabilities (in thousands):
Employee Related BenefitsOtherTotal
Balance as of December 31, 2025$384 $350 $734 
Restructuring charges2,228 242 2,470 
Cash payments(1,165)(297)(1,462)
Balance as of June 30, 2026$1,447 $295 $1,742