Restructuring

12 Months Ended

Jan. 31, 2025

Restructuring and Related Activities [Abstract]

In January 2023, the Company announced a restructuring plan intended to reduce operating costs, improve operating margins and continue advancing the Company’s ongoing commitment to profitable growth. This plan included a reduction of the Company’s workforce and select real estate exits and office space reductions within certain markets. The employee actions were substantially completed in fiscal 2024 and the real estate actions are expected to be substantially complete in fiscal 2026. In fiscal 2025, the Company approved restructuring initiatives focused on driving further operational efficiencies, optimizing our management structure and increasing cost optimization efforts to realize long-term sustainable growth through a targeted workforce reduction, which are expected to be substantially complete in fiscal 2026.

The following tables summarize the activities related to the Company’s restructuring initiatives for fiscal 2025 and 2024 (in millions):


	Fiscal Year Ended January 31, 2025			Fiscal Year Ended January 31, 2024
		Workforce Reduction		Office Space Reductions		Total		Workforce Reduction		Office Space Reductions		Total




Liability, beginning of the period		$	118	$	2	$	120	$	607	$	0	$	607
Charges		386		75		461		541		447		988
Payments		(196)		(2)		(198)		(1,003)		(27)		(1,030)
Non-cash items		(6)		(75)		(81)		(27)		(418)		(445)
Liability, end of the period		$	302	$	0	$	302	$	118	$	2	$	120

The liability for restructuring charges, which is related to workforce and office space reductions, is included in accounts payable, accrued expenses and other liabilities on the consolidated balance sheets. The charges reflected in the tables above related to workforce reduction included charges for employee transition, severance payments, employee benefits and share-based compensation. The charges reflected in the tables above related to office space reductions included exit charges associated with those reductions.