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Trade Desk shares rise on plan to cut workforce by 15%

Trade Desk said it plans to decrease its workforce by 15%. The stock advanced 3.3% to $15.58 in premarket trading, after the move was approved by Wall Street.

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By Kit NortonTrade Desk announced Friday it's significantly reducing its workforce.

Wall Street approved the move.Shares of Trade Desk advanced 3.3% to $15.58 in premarket trading on Friday after the advertising technology company said it plans to decrease its workforce by 15% as part of a broad re…