Affirm Holdings Inc
For the period ended Sep 30, 2024. Filed Nov 7, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 7, 2024
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15. Restructuring
- Restructuring and other
In February 2023, we committed to a restructuring plan (the “February 2023 Plan”) that included reducing our workforce and vacating a portion of our San Francisco office. The February 2023 Plan was completed during fiscal 2024, and we do not expect future costs or payments related to the plan.
During the three months ended September 30, 2024, we didnot incur any costs related to exit and disposal activities. For the three months ended September 30, 2023, exit and disposal costs were $1.7 million.
Our restructuring and other exit and disposal cost accrual activity for the three months ended September 30, 2024 is summarized as follows (in thousands):
| Other Exit and Disposal Activities (1) | |
|---|---|
| Accrued restructuring and other costs, June 30, 2024 | $269 |
| Additions | — |
| Cash paid | (14) |
| Adjustments | (255) |
| Accrued restructuring and other costs, September 30, 2024 | $— |
(1)Includes employee severance pay and related costs, contract cancellation charges, among other items, related to other exit and disposal activities
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