Bolt one-click checkout sustains another round of layoffs
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So-called one-click checkout company Bolt underwent another round of sweeping layoffs this week, according to posts from several former employees across Linkedin.
This is the second major round of layoffs for the tech company and comes in the midst of what's been a generally tumultuous year, including a lawsuit battle with Authentic Brands Group and backing out of an acquisition deal with crypto payment's company, Wyre.
"It's been so sad hearing about the layoffs at Meta, Twitter, Stripe and other massive tech companies. However, I've learned that buried in today's Meta news there was another round of layoffs at Bolt that impacted some truly incredible and talented people. To any and all of my former Bolters: I feel like this is a tired refrain at this point but PLEASE reach out if I can help in any way, even if it's just a call to vent and blow off steam," a former Bolt employee posted to Linkedin.
Other former employees have said this most recent round of layoffs accounted for 25 percent of employees and included cuts to marketing and engineering.
Emails to Bolt for comment this evening haven't been returned.