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RESTRUCTURING
 3 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
RESTRUCTURING RESTRUCTURING
On March 28, 2023, the Company announced a restructuring plan (the “Restructuring Plan”) intended to reduce operating expenses in response to evolving business needs and productivity improvement through a reduction in workforce. The Company completed the Restructuring Plan in 2024.
During the three months ended March 31, 2024 and 2023, the Company recorded charges of nil and $22.5 million, respectively, related to severance payments, employee benefits, employee transition and stock-based compensation, net of a reversal of previously recognized stock-based compensation expense. These charges were recorded within restructuring charges in the condensed consolidated statements of operations and comprehensive loss.
A summary of restructuring liabilities associated with the Restructuring Plan was as follows (in thousands):
Three Months Ended March 31,
20242023
Restructuring liabilities - beginning of period$54 $— 
Restructuring charges excluding non-cash items(1)
— 23,939 
Cash payments
(54)— 
Restructuring liabilities - end of period$— $23,939 
(1) Excluded non-cash items of $1.4 million for the three months ended March 31, 2023, which was net of accelerated stock-based compensation expense of $3.4 million and a reversal of $4.8 million related to previously recognized stock-based compensation expenses for unvested restricted stock awards.
As of March 31, 2024, there were no restructuring liabilities associated with the Restructuring Plan included in accrued compensation in the condensed consolidated balance sheet. Restructuring liabilities associated with the Restructuring Plan were immaterial as of December 31, 2023.