Key points
- Trade Desk (TTD) is cutting about 15% of staff
- Zscaler (ZS) disclosed a 3% workforce cut
- 13 restructuring filings in twelve months
The Trade Desk (TTD) will cut about 15% of its total workforce, according to a Friday morning filing with the Securities and Exchange Commission. Stock Analysis put the stock at $14.48 at 2:36 p.m. Eastern on Friday, down 4.1% from Thursday's close of $15.09.
The company expects cash restructuring and related charges of $39 million to $51 million, covering employee severance and benefits. A reversal of $4 million to $5 million in stock-based compensation partly offsets that. The Trade Desk said it will recognize the accrual in the third quarter of 2026 and expects the plan to be substantially complete in the same quarter. It called the move an organizational realignment meant to "align resources with the Company's highest-priority growth opportunities."
The filing doesn't give a headcount. It runs under Item 2.05 alone and doesn't update revenue guidance. The Trade Desk reported 3,843 full-time employees in 21 countries as of December 31, 2025, in its most recent annual report. Applying 15% to that December headcount produces an estimate of about 575 positions, although the workforce may have changed since then.
Zscaler filed ten hours earlier
Zscaler (ZS) filed its own restructuring notice at 8:08 p.m. Eastern on Thursday. The Trade Desk filed at 6:03 a.m. Eastern on Friday. Zscaler is cutting about 3% of worldwide headcount and expects charges of $30 million to $33 million, primarily employee severance and benefits, with most recognized in the first half of fiscal 2027. It filed the notice alongside fourth-quarter and full-year results. Zscaler traded at $167.90 at 2:36 p.m. Eastern on Friday, down 5.6% from Thursday's close of $177.80, according to Stock Analysis.
Zscaler said the plan reallocates resources "to provide additional capacity to support our AI and growth initiatives."
Thirteen restructuring filings in twelve months
Companies may disclose workforce reductions to the SEC under Item 2.05 of Form 8-K when the associated exit or restructuring costs are material. The item covers those costs rather than layoffs as such, so a reduction carrying no material charge can pass without one, and a filing can describe an exit involving no jobs at all.
AIStockWire counted 13 Item 2.05 filings from the companies on its SEC filings tracker between September 5, 2025 and September 4, 2026. Each watchlist ticker was matched to an SEC filer through the agency's own ticker-to-CIK file, which covered 239 of the 243 symbols and left four foreign listings unmatched. The count takes original 8-Ks only, not amendments, and counts each filing once. Twelve of the 13 describe workforce reductions. The exception is Zebra Technologies, which disclosed the disposal or exit of its robotics automation business in December 2025, carrying about $60 million of non-cash asset impairment and no mention of jobs.
Ten of the 13 came in 2026. Four of those landed in May, on the 5th, the 13th, the 20th and the 28th. The Trade Desk and Zscaler are the only two in this sample that filed within the same 24 hours.
| Company | Filed | Workforce cut |
|---|
| C3.ai (AI) | Feb 25, 2026 | 26% |
| Intuit (INTU) | May 20, 2026 | About 17% |
| The Trade Desk (TTD) | Sep 4, 2026 | About 15% |
| Coinbase (COIN) | May 5, 2026 | About 14% |
| Rapid7 (RPD) | Aug 10, 2026 | About 12% |
| Robinhood (HOOD) | Jun 16, 2026 | About 10% |
| Synopsys (SNPS) | Nov 12, 2025 | About 10% |
| SentinelOne (S) | May 28, 2026 | About 8% |
| Applied Materials (AMAT) | Oct 23, 2025 | About 4% |
| Zscaler (ZS) | Sep 3, 2026 | About 3% |
| Workday (WDAY) | Feb 4, 2026 | About 2% |
Coinbase put its cut at about 700 employees. Cisco is the twelfth workforce filing and is out of the table because it gave no percentage. It estimated pre-tax charges of up to $1 billion in May 2026 for severance and other one-time termination benefits.
The filing leaves open which kind of cut this is. A 15% reduction can be temporary cost control ahead of a recovery, or it can mark a lower run rate for a business whose growth has slowed for good. The Trade Desk gave no revenue figure alongside it, and the next read on that comes with third-quarter results. Later filings appear on its company page.
