The company, New Relic, is undergoing a restructuring process to ensure long-term growth and delivery for its customers. The first quarter of 2023 showed strong results but identified the need to be more efficient with resources. Non-essential program expenditures, tools, external contracts, and travel were reduced, and an organizational assessment was conducted to identify role redundancies and misalignment with strategic priorities. As a result, approximately 90 US-based employees will be let go, representing less than 5% of the company, while up to 20 international employees may also be impacted. The company is providing support and severance packages to departing employees, including extended benefits coverage, career outplacement support, and laptop retention. The goal is to maintain focus on building a great business while supporting affected team members through this transition.