- The Trade Desk plans to remove approximately 15% of its roughly 3,850 employees, with the workforce reduction largely completed in Q3 2026.
- The company expects $39M-$51M in cash restructuring and related charges for severance and benefits, partly offset by a $4M-$5M stock-based compensation reversal.
- TTD shares fell as much as 5.7% after the filing, reflecting investor concern about the scale of the cuts and limited detail on expected savings or leadership changes.
Quotes
“The Trade Desk will remove approximately 15% of its roughly 3,850 employees from the payroll.”
“The Trade Desk estimates cash restructuring and related charges of $39 million to $51 million for employee severance and benefits, partially offset by a $4 million to $5 million reversal related to stock-based compensation.”