Bolt CEO Cuts Staff a Third Time as Revenue Lags

theinformation.com/articles/bolt-ceo-cuts-staff-a-third-time-as-revenue-lags

Bolt, the one-click checkout startup that slashed staff at least twice last year as growth fell short of its goals, laid off around 10% of employees on Tuesday, or at least 50 people, according to two people with direct knowledge. In total, the company, which previously raised $1 billion from investors, has cut more than half of its headcount since May 2022. The most recent…

This story appeared on theinformation.com, 2023-01-25.
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