We have executed various strategic reductions in force over the past several years. As of June 30, 2026 and December 31, 2025, we had approximately $0.8 million and $0.9 million, respectively of further separation payments and benefits. In the three and six months ended June 30, 2026 expenses related to reductions in force were $0.8 million. In the three and six months ended June 30, 2025 expenses related to reductions in force were approximately $1.5 million and $11.3 million, respectively.

In June 2026, we executed a reduction in force of, at that time, approximately 23% of our total workforce, retaining approximately 10 employees essential to executing on our strategic priorities. We recognized approximately $0.8 million in total severance and related benefits as a result of this reduction in force. We may also incur other charges or cash expenditures not currently contemplated due to events that may occur as a result of, or associated with, the workforce reduction.

The following is a summary of restructuring charges associated with the reductions in force for the periods presented:


	Three Months Ended June 30,				Six Months Ended June 30,
	2026		2025		2026		2025
	(in thousands)				(in thousands)
Research and development expense	$	—	$	944	$	—	$	9,293
General and administrative expense		767		579		767		2,043
Total restructuring charges	$	767	$	1,523	$	767	$	11,336

The following restructuring liability activity was recorded in connection with the reductions in force for the six months ended June 30, 2026:



	June 30, 2026
	(in thousands)
Liability balance, January 1, 2026	$	871
Restructuring charges		767
Cash payments		(871	)
Liability balance, June 30, 2026	$	767

Of the liability balance as of June 30, 2026, $0.7 million is recorded within other current liabilities and $0.1 million is recorded in other long-term liabilities on the accompanying condensed consolidated balance sheet. The liability balance as of December 31, 2025 is recorded within other current liabilities on the accompanying condensed consolidated balance sheet.