Bolt CEO Ryan Breslow Details 30% Workforce Reduction Including Entire HR Department

Bolt revealed a major layoff affecting its staff. Roughly 30% of employees were terminated. The cuts included the entire human‑resources team. CEO Ryan Breslow said the move was tied to current financial and strategic priorities. He noted that the company needed to align costs with its growth plans. Remaining staff are expected to handle increased responsibilities. The reduction reflects broader pressures in the gig‑economy sector. Bolt said it will focus on core services and operational efficiency moving forward.