Bolt CEO Ryan Breslow says his company is abandoning unlimited vacation days for workers. Hear his motivation and what he is offering up instead.

Bolt, a fintech startup, has discontinued its unlimited paid time off (PTO) policy, citing its ineffectiveness in practice. CEO Ryan Breslow explained that while unlimited PTO sounds progressive, it often leads to employees either taking too little or too much time off, with high performers frequently neglecting to take breaks.

The company will now require its 170 employees to take at least four weeks of vacation annually, with additional time off earned through tenure. Breslow stated that the new policy has been well received, as it offers clear expectations and encourages employees to rest. He emphasized the importance of managers reminding staff to use their vacation days, aligning with research showing many U.S. workers do not take all their allotted time off.

Why this CEO just killed unlimited vacation days at his company

Unlimited PTO is a great idea in theory, but in practice, it falls apart. Just 6% of U.S. companies offer unlimited vacation days, and the number has been falling since 2023. Fintech startup Bolt is the latest to drop it. We just killed unlimited PTO at Bolt. It sounds progressive, but it's totally broken. When time off is undefined, the good ones don't take PTO, the bad ones take too much. Instead, Bolt's 170 employees will be mandated to take four weeks a year off, earning more with tenure. Our employees are reacting very positively. They are the first ones to, I think, want clarity, want to take time off, and want to have permission to take time off, not too much, but also not too little. Pew Research finds more than 4 in 10 U.S. workers don't take all their PTO, unlimited or not. Breslow says it's on managers to remind workers to use their vacation days. The message that I use is, if you're not taking at least four weeks a year off, which is roughly one and a quarter, you're not working hard enough, because if you're really working at the intensity that we want you to work at, at Bolt, you're going to need these four weeks off.

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