15% OF TRADE DESK'S STAFF IS BEING CUT
The restructuring carries a price of its own: Trade Desk expects to book as much as $51 million in charges tied to the cuts, per Benzinga.
🚨 Trade Desk is cutting 15% of its workforce, and the bill for doing it runs as high as $51 million.
Benzinga reports the ad tech company plans the reduction alongside charges of up to $51 million tied to the restructuring.
That is the part investors tend to look at twice. Layoffs are sold as a cost story, but the cost comes first. Severance, related expenses and other restructuring items land on the income statement now. Whatever savings follow arrive later.
A 15% cut is not a trim. It is a structural decision about how big the company intends to be.
No breakdown of which teams or which regions has been reported, and no timeline has been given.
Benzinga is the only outlet carrying this so far.
🔴 If a company tells you it is spending up to $51 million to get smaller, what is it telling you about the year ahead?
Do layoffs of this size make you more confident in a stock, or less?
#TradeDesk #AdTech #Layoffs #Earnings #causeanuproar
First reported by
Benzinga
Read the full story at BenzingaWe summarise and credit. The full account lives with the outlet that reported it.
Approved for publication by yousuf_19762.
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