Taro Logo

Great Culture, Awful Layoffs

Software Engineering
Former Employee
Worked at Toast for 1 year
July 31, 2023
Chennai, Tamil Nadu
2.0
Doesn't RecommendNegative OutlookDoesn't Approve of CEO
Pros

Work culture was the best. A good amount of training was provided. Yes, we got free food, and overall it felt like a dream place to work in.

Cons

Talking about the "backstab"! The management never really had a clear idea of what they were doing. Without thinking whether or not they really needed interns for future resources, they took on plenty of interns, promising them full-time jobs. Interns, being students placed from college, had their entire hope on Toast, since almost all interns performed well and were put inside teams. They gave more hopes by extending the internship period beyond 6 months. BRUH! And then they laid off everyone, giving us a lame excuse of "We unfortunately are facing budget issues and can't convert you guys to FT." It was so obvious all this happened because of miscommunication and also because of the new VP from Bangalore. I hope everyone around here came from a middle-class background and reached the level where they are. I just hope they would know that all interns are from middle classes too and would be able to relate how they would feel if they lost their jobs unfairly. Lies... Budget problem? But so many were promoted. If there was really a budget problem, a decent company would have held up promotions and managed these large amounts of interns.

Advice to Management

Everyone's lives are equal. If laying off so many people would solve your problem easily, just look at the future of your company. Even if you need developers or freshers, people wouldn't look up to you.

Imagine the fear of existing employees looking at so many getting laid off; they would definitely think about switching to another company. Just get some big brains like you get big money.

If you never really needed interns, then do not promise them about giving full-time opportunities. Or the least thing you gotta do is inform them about your "budget problem" 15 days or a month ahead, not 4 days before. I get it; you really wanted to make it seem like a budget problem. Anyways, it's your loss ;)

Additional Ratings

Work/Life Balance
2.0
Culture and Values
4.0
Diversity, Equity, and Inclusion
1.0
Career Opportunities
1.0
Compensation and Benefits
4.0
Senior Management
1.0

Was this helpful?

Toast Interview Experiences