In the second quarter of fiscal 2026, the Company announced a workforce reduction of approximately 7%, and office space reductions in certain markets (collectively, the “2026 Restructuring Plan”) in furtherance of its efforts to improve operational efficiencies. The Company substantially completed the 2026 Restructuring Plan during the second quarter of fiscal 2026.

Our restructuring costs consisted primarily of severance and termination benefits, exit costs and asset write-offs. Severance costs generally included severance payments, outplacement services, health insurance coverage and employer tax liabilities. Exit costs primarily consisted of lease exit and contract termination costs.

The Company’s restructuring charges for the six months ended July 31, 2025 were as follows:




	Severance Costs		Exit Costs		Asset Write-offs		Total
Cost of subscription revenues	$	426	$	53	$	17	$	496
Cost of professional services and other revenues	537		139		46		722
Sales and marketing	1,213		128		42		1,383
Research and development	3,732		221		73		4,026
General and administrative	1,092		1,191		1,155		3,438
Total restructuring charges	$	7,000	$	1,732	$	1,333	$	10,065

For the three and six months ended July 31, 2026, there were no restructuring charges.


Balance at January 31, 2026	$	861

Cash payments	(245)

Balance at July 31, 2026	$	616

2026 Restructuring Plan liabilities are included in accrued expenses and other current liabilities on our unaudited condensed consolidated balance sheets as of July 31, 2026.