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Re:Bolt announces layoffs by throwaabolt on Wednesday May 25, 2022 @05:20PM (#31510715)
I am one of those let go today. It's especially bad, because they seem to have messed up the invite templates. I received one to the Town Hall meeting, even before Majus letter was published, only to get the invitation cancelled and receive and invitation to "Bolt Restructuring". What an emotional rollercoaster. Extremely anxious about the future, as this is my first time being laid off, especially in the current market.

EDIT: I am doubly screwed because I signed up for the employee stock option loan program... and I'm not sure what the bank will want from me now that the stock price has tanked.

Re:Bolt announces layoffs by anon_123g987 on Wednesday May 25, 2022 @07:54PM (#31512443)
From user throwaabolt's profile page:

"troll account. didn't actually get laid off from bold. curious to see how long it takes HN to realize this."

Re:Bolt announces layoffs by dang on Wednesday May 25, 2022 @10:31PM (#31513603)
We've banned throwaabolt and also what looks to be that user's main account.

To answer the question, it took HN only a few minutes for some users to realize this, but 2 hours for me to find out about it. Most of that time, an email was sitting in the inbox waiting. Thank you for pointing this out, and also to the user who emailed, since otherwise I wouldn't have seen this. We rely on the community to route info to us. Fortunately HN has a lot of users who care about the quality of the site.

All: if you notice anything weird, dodgy, or otherwise degrading of quality, we always appreciate a heads-up at [email protected]. HN admins are mostly a clearinghouse for things that the community notices, so this really is a shared effort.

Re:Bolt announces layoffs by LilBytes on Wednesday May 25, 2022 @08:07PM (#31512574)
@dang can we see if this is true, unsure if we record history. Either anon_123g987 or throwaabolt is lying here.

throwaabolt's profile account is now:

"ex-employee of bolt. ready to tackle new challenges, in particular in the fintech or insurtech areas."

I don't know what to believe. throwaabolt's futher messages:

"thank you. can my wife's boyfriend contact you too? he is part of the layoff as well."

Re:Bolt announces layoffs by dang on Wednesday May 25, 2022 @10:28PM (#31513579)
It's true. We've banned throwaabolt and also what looks to be that user's main account.
Re:Bolt announces layoffs by LilBytes on Wednesday May 25, 2022 @10:34PM (#31513638)
Thank you.
Re:Bolt announces layoffs by wly_cdgr on Wednesday May 25, 2022 @08:05PM (#31512552)
False. Why would you claim this?
Re:Bolt announces layoffs by dang on Wednesday May 25, 2022 @10:39PM (#31513687)
throwaabolt changed the profile after the GP was posted. We've banned the account now, as well as what looks like their main account.
Re:Bolt announces layoffs by wly_cdgr on Thursday May 26, 2022 @12:26PM (#31520304)
Huh! What a weird way to troll
Re:Bolt announces layoffs by throwaabolt on Wednesday May 25, 2022 @08:05PM (#31512551)
?

what?

Re:Bolt announces layoffs by dang on Wednesday May 25, 2022 @10:30PM (#31513590)
We've banned this account, and the main account associated with it, for trolling. (Explained in the sibling replies: https://news.ycombinator.com/item?id=31512443).

Please don't create accounts to do this.

Re:Bolt announces layoffs by stu2b50 on Wednesday May 25, 2022 @06:03PM (#31511256)
According to Ryan Brewslow,

> There IS risk to the employee; they now have a real loan outstanding and 100% personal recourse, so if the common stock becomes less than exercise price, their personal assets are on the hook

So I suppose the bank will be after your personal assets?

Re:Bolt announces layoffs by onlyrealcuzzo on Wednesday May 25, 2022 @07:14PM (#31512089)
It's usually quite rare for startups to offer good equity.

HOPEFULLY this loan isn't a lot more than OP's salary. And theoretically, they can be sold for a decent percentage of the principal.

Re:Bolt announces layoffs by ta988 on Wednesday May 25, 2022 @10:57PM (#31513863)
Ain't gonna happen they will be worthless.
Re:Bolt announces layoffs by onlyrealcuzzo on Thursday May 26, 2022 @06:39AM (#31516762)
They shouldn't be worthless yet. And OP should be able to sell them.
Re:Bolt announces layoffs by respondo2134 on Wednesday May 25, 2022 @06:19PM (#31511430)
I work at Bold Commerce and we have some open positions for software devs; take a day or two to process and then take a look. I never realy figured out how so any companies were all going to "own federated checkout" and we are definitely in a different space, though a comparable size to Bolt.
Re:Bolt announces layoffs by DevToRecruiter on Wednesday May 25, 2022 @05:47PM (#31511046)
I'm sorry you're going through this. I don't know what your position is but I may be able to help you with the "finding a new job" part of your anxiety. Please feel free to reach out to me on twitter @devetorecruiter. Good luck with everything!
Re:Bolt announces layoffs by throwaabolt on Wednesday May 25, 2022 @06:32PM (#31511600)
thank you. can my wife's boyfriend contact you too? he is part of the layoff as well.
Re:Bolt announces layoffs by 1-more on Wednesday May 25, 2022 @07:04PM (#31511999)
Did you cosign his loans for early exercise too? Brutal.

In all seriousness good luck going forward.

Re:Bolt announces layoffs by mizzao on Wednesday May 25, 2022 @07:55PM (#31512458)
How does this "wife's boyfriend" thing work?
Re:Bolt announces layoffs by t3rabytes on Wednesday May 25, 2022 @08:12PM (#31512613)
lol the throwaway is 100% a troll, and had it not been for the "i'm a troll" description that was removed from their profile, this is what proves it
Re:Bolt announces layoffs by throwaabolt on Wednesday May 25, 2022 @09:01PM (#31512984)
We live seprated already and have our own lifes (and boyfriends, at least for her) but the divorce has not been finalized yet and so she technically is still my wife.
Re:Bolt announces layoffs by sibeliuss on Wednesday May 25, 2022 @05:49PM (#31511075)
I'm sorry to hear this. Did they offer severance pay?
Re:Bolt announces layoffs by axg11 on Wednesday May 25, 2022 @10:28PM (#31513575)
You would be doing a public good if you post (publicly) the terms of that loan and any associated (anonymous) documents. Please consider it.
Re:Bolt announces layoffs by cr3ative on Wednesday May 25, 2022 @06:14PM (#31511369)
Sorry to hear this, I hope everything works out for you.
Re:Bolt announces layoffs by nso95 on Wednesday May 25, 2022 @05:48PM (#31511070)
best of luck my friend