We have studied electronic structure of triangular lattice Ir$_{1-x}$Pt$_x$Te$_2$ superconductor using photoemission spectroscopy and model calculations. Ir $4f$ core-level photoemission spectra show that Ir $5d$ $t_{2g}$ charge modulation established in the low temperature phase of IrTe$_2$ is suppressed by Pt doping. This observation indicates that the suppression of charge modulation is related to the emergence of superconductivity. Valence-band photoemission spectra of IrTe$_2$ suggest that the Ir $5d$ charge modulation is accompanied by Ir $5d$ orbital reconstruction. Based on the photoemission results and model calculations, we argue that the orbitally-induced Peierls effect governs the charge and orbital instability in the Ir$_{1-x}$Pt$_x$Te$_2$.
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