Overview

• CEO Ryan Breslow announced on July 1 that Bolt would scrap its unlimited PTO policy, deeming it “totally broken.”
• The new policy grants every employee four weeks of paid vacation annually, with additional days accruing based on tenure and mandatory usage.
• Breslow argued that undefined time off had led to burnout among high performers and disproportionate leave-taking by underperformers.
• Bolt has dismantled its traditional HR department in favor of a people ops model aimed at empowering managers and speeding decision-making.
• The overhaul follows a series of reforms this year, including the reversal of a four-day workweek and workforce reductions as the startup recalibrates its growth strategy.