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
I guess this is the beginning of the tech washout. clings to large tech company job
EDIT: 33% layoff today