Toast was valued at almost $5 billion in a financing round last month and is now cutting about half its staff.
. "This is a massive disruption that hit the industry virtually overnight. Many restaurants that have temporarily closed may never reopen."in February at a valuation of almost $5 billion after revenue more than doubled last year. But as cities from San Francisco to New York imposed shelter-in-place orders last month, restaurants were only able to serve food via delivery and takeout.
Toast joins a growing list of start-ups that are being forced to dramatically downsize as the economy remains shut across much of the country and jobless claims rise to a record. Fitness start-up
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Vista, ScreenPlus Team on Software for Cinemas' Own Streaming ServicesScreenPlus and Vista Group have partnered on a solution enabling cinemas to launch their own streaming platforms. More details:
Lire la suite »
Dairy Farmers Forced To Dump Milk As Coronavirus Closes Restaurants And SchoolsAs the coronavirus pandemic forces restaurants and schools across the country to close, a disrupted dairy supply chain is leaving farmers and dairy suppliers with no choice but to dump their excess milk
Lire la suite »
High street pharmacists 'put at risk' from virusStaff dispensing medicines say they urgently need more protective gear to guard against coronavirus.
Lire la suite »
More masks, ventilators and coronavirus test on the way, Trump saysPresident Trump: “In the days ahead America will endure the peak of this terrible pandemic. Our warriors in this life and death battle are the incredible doctors and nurses and health care workers on the frontline of the fight.”
Lire la suite »
Coronavirus live updates: More masks, ventilators on the way, Trump saysAsked why he’s not wearing a mask during the coronavirus task force briefing, Dr. Anthony Fauci says “the major reason to wear a face mask” is not to infect others and his test for coronavirus yesterday was negative.
Lire la suite »
Opinion | What ‘essential’ really means in the stay-at-home eraThe coronavirus epidemic forces us to confront what we really need.
Lire la suite »