Category: restaurant

Restaurant management platform Toast cuts 50% of staff
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Restaurant management platform Toast cuts 50% of staff

Last valued at $5 billion, restaurant management platform Toast has joined the sweep of startups laying off employees due to the economic impact of the COVID-19 pandemic. Toast reduced the size of its staff by 50% through layoffs and furloughs, according to a blog post from Toast’s CEO, Chris Comparato. It also reduced executive pay…

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At Tock, this restaurant group owner and former trader is building a Spotify for reservations
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At Tock, this restaurant group owner and former trader is building a Spotify for reservations

Tock, a nine-year-old, Chicago-based culinary reservation service, has never had the kind of brand-recognition that other companies in the space have enjoyed, from publicly traded OpenTable to Resy, the New York-based company that was founded in 2014 and acquired last year for undisclosed terms by American Express. That’s because Tock long focused on a white-label…

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