Toast Lays Off 550 Employees Amid Restructuring

Toast Lays Off 550 Employees Amid Restructuring

Toast announced it has laid off 550 employees, roughly 10 percent of its staff.  The Boston-based, restaurant technology company states the move is part of a restructuring plan to lower operating costs.  In an earnings call Thursday, Toast CEO Aman Narang said the...
Tray Sees Opportunity after Toast Fee Fracas

Tray Sees Opportunity after Toast Fee Fracas

After some restaurants objected to Toast charging consumers a 99-cent fee for certain online orders, and then recanted just days later, Tray sees an opening for its approach of bringing cloud-based features to legacy hardware systems with no mandated credit card...