Trade Desk Shares Rise After Announcing 15% Workforce Reduction

TTD Trade Desk Inc

$11.98 +0.25%

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1. 1Trade Desk (TTD) shares rose about 3% in early trading Friday after the company announced a restructuring that will cut roughly 15% of its workforce.
2. 2The layoffs are expected to be largely completed by the third quarter of 2026, with cash costs centered on severance and benefits estimated at approximately $39 million to $51 million.
3. 3A stock-based compensation reversal could offset $4 million to $5 million, and while investors view the move as stronger cost discipline, it remains a near-term earnings drag.

Source Barrons.com +3 · View original ↗

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