Toast, a cloud-based restaurant management software provider, cuts ~50% of its staff after raising $400M at a $4.9B valuation in February (Natasha Mascarenhas/TechCrunch)

Natasha Mascarenhas / TechCrunch:
Toast, a cloud-based restaurant management software provider, cuts ~50% of its staff after raising $400M at a $4.9B valuation in February  —  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.