In October 2020, we committed to a restructuring plan in order to undergo a strategic reorganization of our business. The strategic reorganization involved significant changes in business operations to better support our strategy and overall performance. The restructuring plan related to our strategic reorganization is expected to be substantially completed in 2021.

During the three months ended June 30, 2021, we recorded an immaterial amount of restructuring charges for employee severance cost adjustments. During the six months ended June 30, 2021, we recorded restructuring charges of $1.1 million for employee severance costs related to approximately 23 positions eliminated during the first quarter of 2021.

During the three months and six months ended June 30, 2020, we recorded restructuring charges of $0.2 million and $0.3 million, respectively, for employee severance cost adjustments.

The following table sets forth the activity in the restructuring accruals for the six months ended June 30, 2021 (in thousands):


	Employee
Accrual balance as of December 31, 2020	$	3,687
Restructuring charges and revisions	927
Cash payments	(3,308)
Foreign exchange impact on ending balance	(5)
Accrual balance as of June 30, 2021	$	1,301

The employee restructuring accrual at June 30, 2021 represents severance costs to former employees that will be paid out within 12 months, and is, therefore, included in the caption “accrued expenses and other current liabilities” in our condensed consolidated balance sheets as of June 30, 2021.