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The Trade Desk to Lay Off 15% of Staff in Restructure

The Trade Desk logoThe Trade Desk
Sig3.05Sen-5.85Env0.00Soc-4.60Gov-2.25

The Trade Desk CEO Jeff Green told staff the company will lay off 15% of its headcount, affecting more than 500 employees, as it restructures into smaller pods and scrums with a tighter focus. The cuts follow weak quarterly results, including 3% revenue growth and missed earnings, and come amid high executive and board turnover.

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