Rent the Runway, Inc.

4. Restructuring and Related Charges

January 2024 Restructuring Plan

On January 9, 2024, the Company announced a restructuring plan to focus its workforce and cost structure on key growth opportunities and support its profitability goals. The plan included a reduction in workforce of approximately 10% of its corporate employees (primarily a reduction in force, with some open role closures/reduced backfills, and excludes potential hiring of new employees or other additions to the Company’s costs and expenses).

Restructuring charges of$0.2 million for severance and related costs were recognized during thethree months ended April 30, 2024 and are reflected in Restructuring charges on the Company’s Condensed Consolidated Statements of Operations. Restructuring charges of$0.2 million and$2.0 million for severance and related costs were recognized during the years ended January 31, 2025 and 2024, respectively, and were reflected in Restructuring charges on the Company’s Condensed Consolidated Statements of Operations. Cumulative charges related to severance and related costs incurred to date in connection with the January 2024 restructuring plan were$2.2 million. Accrued restructuring charges were none and$0.2 million as of April 30, 2025 and January 31, 2025, respectively. The restructuring plan was completed during the first quarter of fiscal year 2025.