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Bolt announces layoffs

bolt.com

451–460 of 564 posts

Re: Bolt announces layoffs

#451

Earlier quoted context omitted.

Large technology companies won’t hesitate to layoff employees to protect their stock price.

I'm genuinely curious. Is there any other options? By this point it's too late, right? And even if they played it safe there is always some risk.

1. Startups without runway will die.

2. Public companies will cut the fat, cut “dream” projects, to protect their stock price. The further the money, the more risk to the employee.

3. Things could get a lot worse.

Re: Bolt announces layoffs

#453

Earlier quoted context omitted.

I'm butting in here because this struck a chord. There are lots of people of people out there running highly profitable (and globally well-known) businesses off of Excel sheets. They have identified that they don't want to do this anymore as these sheets have grown so monstrously complex over the years that the employees who have to use them are miserable. Basically there is lots of opportunity to start a tech compan…

It's not easy to find those excel users and ask them what they need.

many of them don’t know what they need. I often think of the Ford(?) quote, “if I asked people what want they wanted they would’ve said faster horses”

Re: Bolt announces layoffs

#454

Earlier quoted context omitted.

Large technology companies won’t hesitate to layoff employees to protect their stock price.

Large companies make tons of money and will hire talent for cheap from startups

> Large companies make tons of money and will hire talent for cheap from startups

How would staglfation impact digital advertisement and retail revenues?

Re: Bolt announces layoffs

#456

Earlier quoted context omitted.

Large technology companies won’t hesitate to layoff employees to protect their stock price.

Large profitable tech companies don’t lay off staff when they see opportunities to grow. I know that three of the Big 5 tech companies (FAANG - Netflix + Microsoft) are throwing money and headcount at cloud just from the aggressive recruitment I’m seeing - I work for one of the big 3 in the consulting department and I’m constantly getting solicitations from the other two. Apple also is still hiring where it sees grow…

The bigger the machine the slower their wheels turn. But they will turn.

Re: Bolt announces layoffs

#457
post #404

Earlier quoted context omitted.

The idea is that a central 1-click checkout provider will store your payment information, shipping address, and other details after the first time you use a site with their checkout. The next time you checkout on any website that uses the same 1-click checkout provider, they already have your information for “1-click” checkout. The investment thesis is that if 1-click checkout were to take off, it would become a winn…

PayPal has had this for a very, very long time. I use it all the time, and it works great. So what am I missing? I also have Apple Pay enabled. It works great as well. The use of hardware verification vs a browser redirect gives it some nice advantages. So what exactly is the differentiated experience I’m getting with Bolt?

My personal experience for the last couple of years is that the "checkout with Paypal" option on most sites is buggy now. After the Paypal portion of the payment flow, the redirect back to the original site fails. The redirected page will either show me an error message or I'll be somehow redirected to the website's root page.

I've stopped using the Paypal option even though I really want to use it, because it makes me uncomfortable providing my credit card information to so many sites. Not sure what's changed, it used to work quite well. My guess is either there's a bug on PayPal's side with my account, or the PayPal integration has gotten more complicated and many websites have not kept up with certain changes.

Re: Bolt announces layoffs

#459

Earlier quoted context omitted.

Large technology companies won’t hesitate to layoff employees to protect their stock price.

Remember that debt fuelled stock buybacks were a huge reason for propping up stock prices for these companies as well. Now that cheap debt is off the table, that buyback strategy will have diminishing impact as well, forcing companies to find other ways to keep stock up (such as cutting costs)

Hammer and anvil.

Re: Bolt announces layoffs

#460

If they will fire 50%, will they expect that the remaining 50% will do the work of 100%? Can employees go on strike to prevent the layoffs?

You assume that this many people actually did something useful instead of looking nice on paper for VC. They have 40m in revenue, a lot of it had to be useless.
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