Quarterly report pursuant to Section 13 or 15(d)

Restructuring Costs

v3.20.1
Restructuring Costs
3 Months Ended
Mar. 31, 2020
Restructuring And Related Activities [Abstract]  
Restructuring Costs

NOTE 14 —Restructuring Costs

Since November 2019, we have reduced our global headcount from approximately 700 employees at year-end 2018 to approximately 500 employees and contractors as of December 31, 2019. We executed an additional reduction in force of approximately 10% of our U.S. employees in February 2020, as well as in certain of our non-U.S. locations. We have also relocated our headquarters from San Mateo, California to Austin, Texas, a lower cost location.

The table below sets forth the activity in the restructuring costs, which is included in accrued expenses on the condensed consolidated balance sheet, for the three months ended March 31, 2020:

 

Balance, January 1, 2020

 

$

511

 

Additions: expensed costs

 

 

1,204

 

Expenses paid out

 

 

(321

)

Balance, March 31, 2020

 

$

1,394

 

 

 

 

 

 

 

Total restructuring costs of $1.2 million were broken out between operating expenses of $1.1 and cost of revenues of $0.01 million for the three months ended March 31, 2020.