Restructuring

3 Months Ended

Oct. 29, 2022

Restructuring and Related Activities [Abstract]

We announced a restructuring plan on June 9, 2022, to reduce our future fixed and variable operating costs and allow us to centralize key capabilities, strengthen decision-making to drive efficiencies, and ensure we are allocating resources to our most critical priorities. This restructuring plan reduced our workforce by approximately 15% of salaried positions and represented approximately 4% of our roles in total. In the first quarter of fiscal 2023, we recorded $0.9 million of additional restructuring charges consisting of severance and employee-related benefits. These charges were recorded in selling, general, and administrative expenses on the consolidated statements of operations and comprehensive loss.

The following table provides the components of and changes in the Company’s restructuring and related charges, included in accrued liabilities on the consolidated balance sheets:


(in thousands)	Severance and Employee Related Benefits
Balance at July 30, 2022	$	290
Charges incurred	927
Cash payments	(480)

Balance at October 29, 2022	$	737