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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