https://layoffcheck.com/companies/toast Layoff and WARN notices reported for Toast. en-us https://layoffcheck.com/companies/toast#2024-02 https://layoffcheck.com/companies/toast#2024-02-962 Thu, 15 Feb 2024 12:00:00 GMT Toast announced on February 15, 2024 that it would lay off approximately 550 employees, about 10% of its workforce, as the Boston-based restaurant software company moved to cut operating expenses after a period of rapid hiring. CEO Aman Narang told staff the company had grown too quickly while racing to meet demand and needed to operate more nimbly going forward. CFO Elena Gomez added that the restructuring was about "positioning the company to operate fast and nimble." The cuts came the same day Toast reported Q4 2023 results that beat expectations, with revenue of $1.04 billion against a forecast of $1.02 billion and a net loss of $36 million, down sharply from a $99 million loss a year earlier. Toast also added 6,500 new restaurant locations in the quarter, ending with roughly 106,000 total. The company projected severance and related restructuring costs of $45 million to $55 million, with expected annual savings of around $100 million. TOST shares jumped 17% on the day. https://layoffcheck.com/companies/toast#2020-04 https://layoffcheck.com/companies/toast#2020-04-4205 Tue, 07 Apr 2020 12:00:00 GMT Toast reported a workforce reduction in Boston in April 7, 2020.