Bolt Cuts One-Third of Staff to Pivot Toward AI Strategy

Checkout technology company Bolt has laid off approximately one-third of its staff, according to multiple reports. The reduction, first reported on Sunday, comes as the company faces financial pressures and shifts its strategic focus toward artificial intelligence. The one-click checkout startup confirmed the cuts as part of a realignment to prioritize AI-driven solutions for e-commerce. The move affects a significant portion of its workforce as Bolt navigates a challenging funding environment and seeks to streamline operations around its new technological direction.