Trade Desk Plans 15% Staff Reduction

07:17 AM EDT, 09/04/2026 (MT Newswires) -- Trade Desk (TTD) is planning to reduce its total workforce by about 15%, with most of the cuts expected to be completed during Q3, the company said in a regulatory statement Friday. The company said it expects to incur about $39 million to $59 million related to employee severance and benefits costs. These charges will be partially offset by a reversal of about $4 million to $5 million related to stock-based compensation. Shares of the company added more than 2% in recent premarket activity Friday. Price: 15.45, Change: +0.39, Percent Change: +2.55