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.
Its net loss of $36 million narrowed from $99 million in the year-ago quarter.
Gross payment volume, at $33.70 billion, was up 32%, higher than the $33.53 billion consensus among analysts surveyed by StreetAccount.
Under Comparato's leadership last summer, Toast started charging a fee of 99 cents for each online order that totaled more than $10.
Persons:
Aman Narang, Toast's, Chris Comparato, Toast, Narang, Jim Cramer
Organizations:
Toast Inc, New York Stock Exchange, LSEG, Bank of America, StreetAccount
Locations:
New York City, U.S, Shift4