Restructuring and Other Related Charges

6 Months Ended

Jul. 31, 2023

Restructuring and Related Activities [Abstract]

Restructuring and Other Related Charges

11. Restructuring and Other Related Charges

During the three months ended April 30, 2023, the Company reduced its total global headcount by approximately 7%.

As a result, the Company recognized total restructuring charges of approximately $9.1 million in the six months ended July 31, 2023, which consisted primarily of one-time severance and other termination benefit costs of $7.8 million, as well as accelerated stock-based compensation of $1.3 million.

The Company recognized one-time severance and other termination benefit costs as follows (in thousands):

	Three Months Ended July 31,		Six Months Ended July 31,
	2023		2023
Cost of revenue	$	46	$	463
Research and development	(12)		2,047
Sales and marketing	118		3,677
General and administrative	20		1,638
Total (1)	$	172	$	7,825

(1) Excludes stock-based compensation of $1.3 million.

The changes in liabilities resulting from the restructuring charges and related accruals were as follows (in thousands):

Balance as of January 31, 2023	$	—
Charges (1)	7,825
Cash payments	(7,670)
Balance as of July 31, 2023 (2)	$	155

(1) Excludes stock-based compensation of $1.3 million.

(2) $0.2 million is included in accrued compensation and benefits on the condensed consolidated balance sheet as of July 31, 2023.