Bolt

How it happened

Bolt is a U.S. fintech offering one-click checkout and payments technology for online merchants, peaking at a ~$11B valuation in 2022. Slowing growth, leadership turmoil, and investor disputes eroded its standing. Secondary-market transactions and a 2024 share buyback implied a valuation of only around $300M, roughly 97% below peak. (Distinct from the Estonian ride-hailing firm Bolt.) Glassdoor reviews from those years describe the churn behind the markdown: employees counted multiple rounds of layoffs across 2022-2024, constant strategy pivots, and persistent struggles to nail product-market fit; some cited the end of Bolt's prized four-day work week in 2024 as a morale low point. More recent reviews turn mixed, some describing a founder-led turnaround under new leadership.

Employee accounts paraphrase anonymous, unverified reviews posted publicly on Glassdoor ↗. See our methodology.