Bolt, a San Francisco payments tech startup, is eliminating its unlimited paid time off (PTO) policy. CEO Ryan Breslow criticized the policy, stating that it leads to burnout among top performers and unfair advantages for others. Unlimited PTO, perceived as a modern work benefit, has faced backlash as it often results in unequal time off and stress for diligent employees. Earlier, Bolt adopted a four-day workweek, which is now replaced with a standard five-day work structure. This shift aligns with similar skepticism about unlimited PTO among other industry figures.
"When time off is undefined, the good ones don't take PTO. The bad ones take too much. This leads to A-performer burnout. B-performer luxuries. And feelings of unfairness across the board."
"It sounds progressive, but it's totally broken."
"I couldn't imagine running a company any other way."
Collection
[
|
...
]