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Photo by David L. Ryan/The Boston Globe via Getty Images

ezCater, a Boston-based corporate catering startup valued last year at $1.25 billion, on Tuesday laid off more than 400 of its 900 employees, the company confirms to Axios.

The big picture: This is just the latest in a rapid series of major "unicorn" layoffs, particularly for companies servicing a market that has largely evaporated (in this case, hungry office workers).

A tweet previously embedded here has been deleted or was tweeted from an account that has been suspended or deleted.

ezCater's statement:

"There is not enough sugar on the planet to sugarcoat this: we’re a company that feeds meetings, and meetings are not happening much right now. We were crushing our 2020 plan, until coronavirus hit.
Now, we have to scale back until the world returns. We painstakingly identified the roles we need to be successful today and tomorrow, and are parting ways with over 400 employees across all four ezCater offices. That hurts. With each one of them, we are sorry to say goodbye.
Coronavirus is accelerating the move of restaurants and catering online. ezCater is well-capitalized and remains as ready as ever to help our catering partners grow their business and help our customers succeed. When business gets back to work, ezCater will be here to feed every kind of meeting."

Update: An earlier version of this story reported that the company began with 750 employees, rather than 900.

Go deeper

Updated 33 mins ago - Health

WHO: Delta health measures help fight Omicron

Photo: Mario Tama/Getty Images

Health measures taken to combat COVID-19 before the emergence of Omicron would also help against the new variant of concern, World Health Organization officials said Friday.

What they're saying: Takeshi Kasai, WHO regional director for the Western Pacific, said during a virtual briefing broadcast from Manila, Philippines, that border controls imposed by the U.S. and other nations can "buy time" to deal with the variant, but warned "every country and every community must prepare for new surges in cases."

2 hours ago - Health

Nevada to impose insurance surcharge on unvaccinated state workers

Nevada Gov. Steve Sisolak. Photo: Ethan Miller/Getty Images

Nevada's Public Employees' Benefit Program Board voted Thursday to charge workers enrolled in public employee health insurance plans a surcharge of up to $55 a month if they're not vaccinated against COVID-19, the Las Vegas Review-Journal reports.

Why it matters: Nevada is the first state to announce such a move, per AP.

Oklahoma sues Biden administration over Pentagon vaccine mandate

Secretary of Defense Lloyd J. Austin testifies before a House Armed Services Committee hearing on Sept. 29 in Washington, D.C. Photo: Olivier Douliery/Pool via Getty Images

The state of Oklahoma filed a lawsuit against the Biden administration on Thursday in an attempt to block the enforcement of its vaccine mandate for federal employees.

Why it matters: The move comes one day after Defense Secretary Lloyd Austin denied Oklahoma Gov. Kevin Stitt's (R) request to exempt the state's National Guard from the mandate.