Toast layoffs, on the record
Every job cut, severance charge and restructuring Toast reported in its annual reports, 2023 to 2025, quoted from the filings. Headcount went from approximately 5,500 to approximately 6,500.
Headcount, as reported
| Annual report | Employees | As of |
|---|---|---|
| 10-K for 2023 | approximately 5,500 | December 31, 2023 |
| 10-K for 2024 | approximately 5,700 | As of December 31, 2024 |
| 10-K for 2025 | approximately 6,500 | As of December 31, 2025 |
Job cuts, severance and restructuring
Our summaryAnnounced a restructuring plan designed to promote operating expense efficiency, including a reduction in force and facility reorganization.
Word for word“In February 2024, we announced the Restructuring Plan, impacting approximately 550 employees.” 10-K for 2023
Our summaryAnnounced a restructuring plan designed to promote operating expense efficiency, including a reduction in force and actions to reorganize facilities and operations; completed by year-end 2024.
Word for word“In February 2024, we announced a restructuring plan, or the Restructuring Plan, designed to promote overall operating expense efficiency, including a reduction in force and certain other actions to reorganize our facilities and operations.” 10-K for 2024
Our summaryRecorded restructuring and restructuring-related charges, primarily cash severance costs and accelerated stock-based compensation for terminated employees.
Word for word“In connection with this Restructuring Plan, we incurred restructuring and restructuring-related charges of $ 46 million during the fiscal year ended December 31, 2024.” 10-K for 2024
Our summaryIncluded in the restructuring-related expenses were severance benefits, stock-based compensation and accelerated facility amortization.
Word for word“Restructuring and restructuring-related expenses for the fiscal year ended December 31, 2024 include $32 million of severance benefits, $12 million of stock-based compensation expense, and $2 million of accelerated amortization related to facilities.” 10-K for 2024
Our summaryToast recorded one-time restructuring costs in 2025, mostly cash severance and accelerated stock-based compensation for terminated employees, to keep focusing on operational efficiency.
Word for word“During the three and twelve months ended December 31, 2025, we incurred $ 4 million and $ 12 million, respectively, of one-time restructuring costs to continue focusing on operational efficiency, primarily consisting of cash severance costs and the acceleration of stock-based compensation for certain terminated employees.” 10-K for 2025
Our summaryToast announced the 2024 Restructuring Plan, which included a reduction in force and other actions to reorganize its facilities and operations.
Word for word“In February 2024, we announced a restructuring plan, or the 2024 Restructuring Plan, designed to promote overall operating expense efficiency, including a reduction in force and certain other actions to reorganize our facilities and operations.” 10-K for 2025
Our summaryToast incurred restructuring and related charges for the 2024 Restructuring Plan in fiscal 2024, mostly cash severance and accelerated stock-based compensation.
Word for word“In connection with this 2024 Restructuring Plan, we incurred restructuring and restructuring-related charges of $ 46 million during the fiscal year ended December 31, 2024.” 10-K for 2025
Toast filed 1 restructuring notice (Form 8-K, Item 2.05) since 2016. This page shows what the company reported to the SEC, not news reports or state layoff notices.
Read from Toast’s annual reports (10-K for 2025, 10-K for 2024, 10-K for 2023) and the financial data it files with the SEC, as of 2026-02-18. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.