An ailing San Francisco start-up has fired 250 of its 900 staff just five months after it was hailed for moving to a permanent four day working week.
Bolt, which manufactures payment software, announced the layoffs in an email sent to staffers on Wednesday by new CEO Maju Kuruvilla, according to .
He was vague about the exact reasons for the layoffs, hinted that Bolt was losing money, and didn't mention whether letting staff have a three day weekend was to blame.
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