Last earnings call was good, restaurant tech is 📈. Link to open roles below, some are hybrid in Boston, but still hiring fully remote. DM for referral https://careers.toasttab.com/jobs/search?page=1&query=&department_uids%5B%5D=546da8e254b79111ee592914ea196336&country_codes%5B%5D=US https #layoff #hiring #toast
The only time I interviewed at Toast, the tech lead on the interview showed up wearing a liquor brand shirt and sweat pants wearing a blanket sitting in an antique armchair that was destroyed by their cat. I skipped the following interview rounds and blocked the recruiter.
You should have said rolls
Oh puns are aplenty.
How do you call people working at your company? Toasts? Toasters?
Toastmates
Toasted
Wife interviewed at Toast for a tech role, there was no coding, they decided that she's not a good fit and didn't even send a rejection email or give a call. 🤦♂️
Dont see any mid level positions, are you only hiring senior or above?
As of now yes, the jobs change with the quarters, would encourage you to keep checking. Also, if you are ~4yoe at a top tier company and/or have led projects, you could try applying for Senior roles.
I only see senior and above postings. What about us middies? 🥺🥺
Ha I hear ya, As of now yes, would encourage you to keep checking. Also, if you are at a FAANG (Amazon) and A. ~4yoe and/or B. have led projects, you could try applying for Senior roles.
Reminder for everyone that this company fired 80% of its engineering staff during Covid. How likely do you think they’ll do during an actual recession? My bet is not much, space is too crowded with thin margins.
This is a great topic. I agree with their business decision, but the risk comes with niche market penetration vs diversified market software Toast is specifically for restaurants which initially was one of the hardest hit industries. I don't know the layoff by department, but it was 50% of the staff, most of which they hired back a couple months into the pandemic once the runway had stabilized and restaurants pivoted to online ordering. People are still spending steadily at restaurants regardless of inflation, I can't say what would happen during a full recession. Re:thin margins, 1. Toast Owns it own payment processing (no middleman like Stripe or Braintree) 2. They make their own CC equipment in-house (and handhelds and tablets) 3. Toast makes money per diner transaction. Toast also offers capital to businesses to increase their LOB and in return, more transaction payments. Toast is close to bare metal and removes middle men services, that being said, I don't know direct pricing comparison to other POS, but I would guess our margins have cushion to compete with.
this is off 1. there are middlemen. stripe is direct to the networks, toast is not 2. that is not true. they use a hardware manufacturer 3. every payfac makes money per txn. it’s all about the take rate. toasts is okay at ~55bps
Anyone who can refer there still? Senior SM role
So much competition though...
In the industry? Yeah, we're solely focused on Restaurant POS, Square is a large competitor but more general. Fiserv bought Clover and BentoBox to compete. Toast has been soaking up good leadership pre layoffs.
You need to layoff the corporate kool-aid chap and do some research prior First Data bought Clover 2012, Fiserv bought FirstData 2019… who is competing? Fiserv revenue 2020 $17.3 bn Toast revenue 2022 $2.43 bn There’s no competing going on here… there’s a fish and whale crossing paths