On July 20, 2026, we approved a plan to reorganize our global workforce, reducing headcount by approximately 6%, as part of cost-reduction initiatives intended to align investments with highest priority opportunities, operate a streamlined organization, and drive high levels of productivity (the “2026 Reorganization”). We expect the 2026 Reorganization to be substantially complete by December 31, 2026.

We expect to incur total costs of approximately $5.0 million to $6.0 million in connection with the 2026 Reorganization, consisting of cash expenditures for severance and related employee benefit costs. During the three and nine months ended September 30, 2026, we recognized $4.9 million of severance and related employee benefit costs related to the 2026 Reorganization. Of these costs, $2.3 million, $2.2 million, $0.3 million, and $0.1 million are included in “sales and marketing,” “research and development,” “cost of revenue,” and “general and administrative,” respectively, in our Consolidated Statements of Operations.

The following table summarizes activity in our restructuring liability related to the 2026 Reorganization, which is included in “accrued liabilities and other” in our Consolidated Balance Sheets.


	(in thousands)

Balance as of December 31, 2025	$	—
Costs incurred and charged to expense	4,866
Cash payments	(2,706)
Effect of foreign currency exchange rates	(10)
Balance as of September 30, 2026	$	2,150