231–240 of 564 posts
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I'm sorry you're going through this. I don't know what your position is but I may be able to help you with the "finding a new job" part of your anxiety. Please feel free to reach out to me on twitter @devetorecruiter. Good luck with everything!
thank you. can my wife's boyfriend contact you too? he is part of the layoff as well.
First of all, there is no mention of what percentage of their workforce is being directly effected by this. I suspect it is not small. That aside, I fail to see this as anything other than this "company" taking advantage of the current environment to execute layoffs in a way that lets them blame "the market" rather than their own short-comings. We saw this in March 2020 as well. They overhired for the hype, and now a…
Don't forget they're getting sued by a large customer of theirs too, claiming their solution doesn't deliver what was promised: https://www.pymnts.com/legal/2022/authentic-brands-sues-bolt...
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This has details https://twitter.com/theryanking/status/1493390167461224451
Wow. After reading this I clicked on CEO Ryan Breslow's Twitter profile pic which is of him barefoot, wearing a psychedelic hoodie and sitting in a yoga position with his palms upturned. Between this loan idea, the self-reference to the 4 day work week and the yogi pose, it's like something straight out of HBO's "Silicon Valley."
Rumors going around on blind (posted by bolt employees) that over the course of a few rounds of layoffs it will be 30-50% of the total workforce. A lot of the initial layoff are software engineers. Apparently they only have 12-18 months of runway, and need to effectively double that. Current revenue is 40M. I guess this is the beginning of the tech washout. clings to large tech company job EDIT: 33% layoff today
Last valuation of this company was $10+ billion. Absurd. [0]
I'm personally happy to see the correction coming where profits - or lack thereof, more likely around these parts - actually means something these days.
[0]: https://techcrunch.com/2022/01/14/online-checkout-bolt-decac...
This kind of message feels more authentic to me if you put the big news in the first sentence, then cover logistics, then add any context you want. Seems better than making people wade through a lot of stuff about securing financial position, market conditions, etc etc to learn if they are losing their job.
Edit: I'm going to leave the below message but wanted to acknowledge that OP meant that the message could be more authentic. I misread. How is this authentic? I was reading through and thinking how it's mincing words and making it sound like everyone is going to feel the same pain. "This is one of the hardest messages I’ve ever had to send." Bad start. Why do CEOs make this about them? "Unfortunately, this includes r…
He listed his priorities right there, first priority is the business, then comes the customers, and the last of his priorities are his employees.
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Reminded me of this: > Coinbase ended Q1 with 4,948 full-time employees, up 33% versus the fourth quarter of 2021. Over the past twelve months, Coinbase also said in its first-quarter report that the company added over 3,200 net new employees. https://www.coindesk.com/business/2022/05/19/coinbase-outlin...
that’s a crazy amount for a crypto wallet are these new hires lobbyists?
I am one of those let go today. It's especially bad, because they seem to have messed up the invite templates. I received one to the Town Hall meeting, even before Majus letter was published, only to get the invitation cancelled and receive and invitation to "Bolt Restructuring". What an emotional rollercoaster. Extremely anxious about the future, as this is my first time being laid off, especially in the current mar…
From user throwaabolt 's profile page: "troll account. didn't actually get laid off from bold. curious to see how long it takes HN to realize this."
what?
I am one of those let go today. It's especially bad, because they seem to have messed up the invite templates. I received one to the Town Hall meeting, even before Majus letter was published, only to get the invitation cancelled and receive and invitation to "Bolt Restructuring". What an emotional rollercoaster. Extremely anxious about the future, as this is my first time being laid off, especially in the current mar…
From user throwaabolt 's profile page: "troll account. didn't actually get laid off from bold. curious to see how long it takes HN to realize this."