On we initiated restructuring activities (the “Fiscal Plan”) in order to realign resources with our core target markets, such as the IoT market. We expect the Fiscal Plan to be completed by the end of fiscal Our restructuring activities include targeted reductions in labor costs through headcount reductions, a facility closure, and impairment of certain purchased IP. Restructuring charges can include severance costs, infrastructure charges related to our planned facility closure, and contract cancellation and legal costs.

 

In the quarter of fiscal we communicated a plan of termination to several employees, which consisted of headcount reductions mainly in our North America operations. As a result, for the months ended we recorded a restructuring charge of million, reflected in general and administrative expense, and less than million in cash payments. In addition,

we recorded an impairment charge for purchased IP yet deployed of million as we longer intend to use this IP.

Our restructuring measures could negatively impact our revenue and results of operations in the future as a result of less employees developing future products and working to sell our products.