Toast will lay off 10% of its workforce, about 550 employees, as growth slows
TOSTToast(TOST) CNBC·2024-02-16 06:26

A screen displays the company logo for Toast Inc. during the company’s IPO at the New York Stock Exchange (NYSE) in New York City, U.S., September 22, 2021. Toast, maker of restaurant management software, said on Thursday it will let go of 550 employees, about 10% of its workforce. The company also reported fourth-quarter earnings that surpassed Wall Street's expectations. Shares were initially up as much as 16% after hours but then gave back much of the gains. Here's how the company did, compared with the ...