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covid-19 startups

Toast, a Restaurant-Focused B2B Startup, Cuts More Than 1,000 Employees

By
Cory Weinberg
· · Source: The Information

Toast, a well-funded startup that sells hardware and software to restaurants, laid off or furloughed 50% of its staff, or more than 1,000 employees, Tuesday. The Boston-based firm, valued most recently at about $4.9 billion, had about 2,400 employees earlier this year, according to PitchBook. It had just announced $400 million in venture capital in February. Its investors include TCV, TPG,...

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