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Restructuring activities
3 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
Restructuring activities Restructuring activities
On January 25, 2024, the Company announced a workforce reduction plan intended to reduce operating costs, improve operating margins, and continue advancing the Company’s ongoing commitment to profitable growth. The workforce reduction plan impacted approximately 6% of the Company’s full-time employees.
Restructuring charges incurred in connection with the workforce reduction plan for the three months ended March 31, 2024 were as follows (in thousands):
Cost of revenue:
Subscription$10 
Sales and marketing5,571 
Research and development734 
General and administrative748 
$7,063 
The table above does not include immaterial amounts related to leases recorded to restructuring charges during the three months ended March 31, 2024.
The Company expects that the execution of the workforce reduction plan will be substantially complete by the end of the second quarter of 2024, subject to local law and consultation requirements. The following table summarizes our restructuring liability included in accrued liabilities in the condensed consolidated balance sheet (in thousands):
Balance, December 31, 2023$351 
Restructuring charges7,063 
Cash payments(6,279)
Balance, March 31, 2024$1,135