Company: LPSN
Filing Date: 2025-08-13
Form Type: 10-Q
Source: 0001102993-25-000108
Chunk: 69

Company: LIVEPERSON INC
Filing Date: 2025-08-13
Form: 10-Q
Item: Part I, Item 1
Chunk 69
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615 4,402 Total$4,260 $5,900 $8,969 $13,458 

Note 12. Restructuring 

LivePerson maintains restructuring initiatives to realign the Company’s cost structure with its current business model. In connection with the restructuring initiatives, the Company recognized restructuring costs of $0.6 million and $1.9 million during the three and six months ended June 30, 2025, respectively, and $3.1 million and $6.4 million during the three and six months ended June 30, 2024, respectively which is included in restructuring costs in the accompanying condensed consolidated statements of operations. Such costs primarily include severance and other compensation costs as well as IT infrastructure contract termination costs. The restructuring activities were considered to be substantially completed as of December 31, 2024. The following table presents the detail of the liability for the Company’s restructuring charges, which is included within Accrued expenses and other current liabilities within the condensed consolidated balance sheets as of June 30, 2025 and December 31, 2024:June 30,2025December 31,2024(In thousands)Balance, beginning of the year$3,028 $2,076 Severance and other associated costs1,866 12,356 IT contract termination costs— (1,217)Cash payments(3,627)(10,187)Balance, end of period$1,267 $3,028 The following table presents the detail of expenses for the Company’s restructuring charges for the three and six months ended June 30, 2025 and 2024:Three Months EndedSix Months EndedJune 30,June 30,2025202420252024(In thousands)(In thousands)Severance and other associated costs$561 $4,403 $1,866 $6,996 IT contract termination costs— (1,284)— (568)Total restructuring costs$561 $3,119 $1,866 $6,428 

Note 13. Legal Matters

Stockholder LitigationIn December 2023, a putative stockholder class action entitled Damri v. LivePerson, Inc., No. 1:23-cv-10517, was filed under the federal securities laws against the Company, its former Chief Executive Officer, and its Chief Financial Officer in the United States District Court for the Southern District of