Update: Trade Desk Shares Fall After Company Announces 15% Workforce Cut

MT newswire2026/09/04 19:43

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03:43 PM EDT, 09/04/2026 (MT Newswires) -- (Updates with the latest stock move in the headline and first paragraph.) Trade Desk (TTD) shares fell 4.9% in Friday trading after the company announced plans to reduce its workforce by 15%, with most of the cuts expected to be completed during Q3. The company expects to incur $39 million to $51 million in charges related to employee severance and benefit costs, partially offset by a reversal of $4 million to $5 million related to stock-based compensation, Trade Desk said in a regulatory filing. The company said it may incur additional charges or cash expenditures not currently anticipated as it implements the plan. Price: 14.35, Change: -0.74, Percent Change: -4.94

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