Restructuring Costs |
6 Months Ended | ||||||||||||||||||||
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Jun. 30, 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. Our total head count as of June 30, 2020 was 341 worldwide. 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, as of June 30, 2020:
Total restructuring costs of approximately $1,204 were broken out between operating expenses of $1,104 and cost of revenues of $100 for the six months ended June 30, 2020. |
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- References No definition available.
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- Definition The entire disclosure for restructuring and related activities. Description of restructuring activities such as exit and disposal activities, include facts and circumstances leading to the plan, the expected plan completion date, the major types of costs associated with the plan activities, total expected costs, the accrual balance at the end of the period, and the periods over which the remaining accrual will be settled. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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