Restructuring |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring and Related Activities [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Restructuring | RESTRUCTURING The Company is committed to undertaking measures to improve organizational agility and efficiency, while also seeking to drive greater profitability. On October 15, 2025, in furtherance of this commitment, the Company announced a RIF impacting approximately 6% of employees. In March 2026, the Company undertook a smaller RIF and incurred additional restructuring charges. In May 2026, the Company announced an additional RIF impacting approximately 30% of the Company's workforce, which will be substantially complete by the end of the first quarter of fiscal 2027. During the year ended June 30, 2026, the Company recorded restructuring charges of $90.9 million, including $15.5 million of accelerated stock-based compensation expense. Restructuring charges are presented as a separate line item in the accompanying consolidated statements of operations. The Company continues to consider actions to improve structural efficiencies and optimize operations in future periods. The following table summarizes the restructuring liability that is included in other accruals and current liabilities, and accounts payable on the accompanying consolidated balance sheets as of June 30, 2026:
On December 5, 2023, the Company announced a restructuring plan intended to right-size the Company's organization, enhance profitability, and reallocate resources towards the most impactful initiatives, and included a reduction of the Company's global workforce and closure of its office in Sydney, Australia. The Company incurred the majority of the charges relating to such plan in the three months ended December 31, 2023. The Company completed such restructuring plan as of September 30, 2024.
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||