Trade Desk Layoffs Follow Disappointing Financial Reports, Stock Declines
The Trade Desk (TTD) cut 15% of its workforce, affecting over 500 employees. The move follows disappointing earnings, with revenue up 3% YoY but missing estimates. TTD has $1.5B cash and no debt. CEO Jeff Green emphasized focus on growth and AI. New Street Research lowered its target to $10. Former employees shared reactions on LinkedIn. The SEC charged a former executive with insider trading.






