Restructuring Activities

3 Months Ended

Apr. 30, 2024

Restructuring and Related Activities [Abstract]

On February 7, 2023, we announced a restructuring plan (the “Plan”) intended to reduce operating costs and continue advancing our ongoing commitment to profitable growth. The Plan included a reduction of our then-current workforce by approximately 15%. The execution of the Plan was completed as of July 31, 2023, and therefore no restructuring expense was recorded for the three months ended April 30, 2024.

For the three months ended April 30, 2023, we recorded net restructuring costs of $73.2 million, which consisted of $54.8 million related to employee transition, severance payments, and employee benefits; $17.3 million related to stock-based compensation awards; and $1.1 million for other related expenses.

The following table summarizes our restructuring expenses that were recorded as an operating expense in the condensed consolidated statement of operations for the three months ended April 30, 2023:


	Three Months Ended April 30, 2023
	(in thousands)
Cost of revenue	$	7,095
Research and development	19,302
Sales and marketing	33,841
General and administrative	12,942
Total restructuring expenses	$	73,180

There was no restructuring liability as of January 31, 2024 and April 30, 2024.