The Trade Desk plans to cut roughly 15% of its total workforce as part of an organizational restructuring, with the headcount reductions expected to be substantially completed during the third quarter of 2026, the company said Friday in a filing, sending shares up about 3% in early trading. The company estimates it will incur cash restructuring and related charges of approximately $39 million to $51 million related to employee severance and benefits costs, partially offset by a reversal of approximately $4 million to $5 million related to stock-based compensation. The Trade Desk expects to recognize the accrual for these charges in the third quarter of 2026. The company may incur other charges or cash expenditures not currently contemplated due to unanticipated events that may occur as a result of or in connection with the implementation of the plan.
Trade Desk IncWorkforce reduction and restructuring charges; shares rose 3% in early trading.
