Quarterly report pursuant to Section 13 or 15(d)

Restructuring Costs

v3.20.2
Restructuring Costs
6 Months Ended
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:

 

Balance, January 1, 2020

 

$

511

 

Additions: expensed costs

 

 

1,204

 

Expenses paid out

 

 

(1,535

)

Balance, June 30, 2020

 

$

180

 

 

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.