I have insider sources. About 33% of the company got immediately layed off today and there are rumors that more will follow. However what's horrible especially in this example is Bolt employees were blind sided because the CEO was saying just weeks ago how everything is fine, Bolt has secured enough funding for ages, there won't be layoffs, they'll be transparent if they were considering it etc. He made all these claims the past few weeks and yet signed off on mass layoffs today. Always looks out for yourself, never trust executives. They are usually nothing more than professional assholes that get paid to lie and deceive people. Most executives are absolutely despicable human beings. Oh and their CEO is a former Amazon director. You can't make this shit up. One could say if you trust an Amazon executive, you deserve to get screwed over. #bolt
Amazon manager is bad news
Introducing Amazon managers: https://tenor.com/bOiSk.gif
Of course they will not give you heads up about layoffs. Perfect normal business practice
Issue here is it's not like they just ignored the questions/concerns or subtly hinted it could happen. Or even mentioned they can't discuss it. Maju the CEO literally told people that layoffs were NOT coming, Bolt was doing well financially and they'd be warned if they were. He lied to everyone. It's the kind of crap you can expect from an Amazon manager I guess.
i think it’s perfectly normal business practice to not give a heads up about layoffs since you don’t want to create panic, but to straight up lie and say yeah there’s gonna be no layoffs and then proceed to massacre 10% of the workforce shortly after is kind of fucked.
Just weeks ago Bolt employee’s were on here dumping on fast, now layoffs at Bolt? Now that was fast.
Damn
I’m really sorry for all that :-( the economy is fucked and we’re all gonna be destroyed by the Wall Street. Massive layoffs will happen amongst all companies and you won’t be alone. It’s just ridiculous how Robinhood stood out for the hedge funds shorting GMS in 2020 and now they’re being shorted by these hedge funds what a karma. The Wall Street can still make money by shorting the market so they must be really happy to see all these happening. In 2020 I didn’t understand why people are ok to loot all these big enterprises lol seems like they’ll ditch us like a trash in any second just for a better buying opportunity
And you believe CEOs? Did you expect him to say we will have layoffs in few weeks. Are you a baby
Read what I said above. It's one thing to not be transparent that it could happen. I get that. But the CEO told people the exact opposite. He didn't just dodge the question or something. In other words he told people no layoffs while planning layoffs a few weeks later. He easily could have just said we can't talk about it and left it at that.
Understand it's a tough time but a C-level executive is never going to give signs of a layoff. They care most about work getting done - no one would work if he warned of layoffs.
Yeah we just got shafted, and definitely more than 10% already. I'd estimate its closer to the 40% mark already. In any case, we would love referrals from the Blind community.
40%? At that percent, I assume some of that is engineering too?
how many employees does bolt have total? before layoffs obvi
What functions experienced layoffs?
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Is this for real? Source?
Have friends that work there and I used to work there too not too long ago. I know things were getting bad financially but I didn't know it would implode this quickly.
It's real. We got shafted. If y'all are giving referrals, myself and many others in the same boat will love them.