Trade Desk to cut about 15% of workforce in restructuring drive
Trade Desk to cut about 15% of workforce in restructuring drive Sept 4 (Reuters) - Digital advertising firm the Trade Desk TTD.O will cut about 15% of its total workforce as part of its plan to streamline operations and prioritize long-term growth.
Here are some details:
Shares of the company were up 2.7% in premarket trading.
The layoffs are expected to be substantially completed in the third quarter of 2026, Trade Desk said in a regulatory filing.
It expects to incur cash restructuring and related charges of $39 million to $51 million, primarily for severance and employee benefits.
The charges will be partly offset by a reversal of $4 million to $5 million related to stock-based compensation.
Trade Desk expects to record the charges in the third quarter of 2026.
The company employed 3,843 full-time workers globally as of December 31, 2025.
(Reporting by Prathik Jayaprakash in Bengaluru; Editing by Shilpi Majumdar)
((Prathik.Jayaprakash@thomsonreuters.com; +91 9916364306))