{"id":87387,"date":"2024-02-16T02:42:26","date_gmt":"2024-02-16T07:42:26","guid":{"rendered":"https:\/\/www.hedgeco.net\/news\/?p=87387"},"modified":"2024-02-16T02:39:10","modified_gmt":"2024-02-16T07:39:10","slug":"toast-will-lay-off-10-of-its-workforce-about-550-employees-as-growth-slows","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/02\/2024\/toast-will-lay-off-10-of-its-workforce-about-550-employees-as-growth-slows.html","title":{"rendered":"Toast will lay off 10% of its workforce, about 550 employees, as growth slows"},"content":{"rendered":"\n<p>(CNBC) <a href=\"https:\/\/www.cnbc.com\/quotes\/TOST\/\">Toast<\/a>, 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\u2019s expectations. Several technology companies have instituted layoffs in 2024. On Wednesday <a href=\"https:\/\/www.cnbc.com\/quotes\/CSCO\/\">Cisco<\/a> said it would <a href=\"https:\/\/www.cnbc.com\/2024\/02\/14\/cisco-cutting-5percent-of-global-workforce-in-restructuring-move.html\">eliminate 4,000 jobs<\/a> as sales declined and clients became even more cautious about spending.<\/p>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/2024\/02\/15\/toast-will-reduce-workforce-by-10percent-as-growth-slows.html\">To read this article:<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(CNBC) 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\u2019s expectations. Several technology companies have instituted layoffs in [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-87387","post","type-post","status-publish","format-standard","hentry","category-syndicated"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87387","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=87387"}],"version-history":[{"count":1,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87387\/revisions"}],"predecessor-version":[{"id":87388,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/87387\/revisions\/87388"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=87387"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=87387"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=87387"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}