Trade Desk cuts workforce by 15%

• The Trade Desk (NASDAQ:TTD) announced a workforce reduction plan expected to decrease total employees by approximately 15%.
• The company expects cash restructuring charges of $39 million to $51 million in the third quarter of 2026.
• The Trade Desk said the realignment is intended to align resources with priority growth opportunities and improve operational effectiveness.

The Trade Desk (NASDAQ:TTD) announced an organizational realignment plan that will reduce its total workforce by approximately 15% as part of efforts to adjust resources and improve operational effectiveness.

The workforce reduction is expected to be substantially completed during the third quarter of 2026, with the company stating that the changes are designed to create a more focused and scalable organization.

The company said the restructuring is part of a company-wide effort to align resources with its highest-priority growth opportunities.

The company expects to record cash restructuring and related charges of approximately $39 million to $51 million, mainly related to employee severance and benefits costs, partly offset by a $4 million to $5 million reversal of stock-based compensation expenses.

The Trade Desk stated that additional charges or cash expenditures could occur if unexpected events arise during implementation of the restructuring plan.

The Trade Desk provides digital advertising technology that allows advertisers and agencies to manage programmatic advertising campaigns across multiple channels, including connected television, mobile, and digital platforms.