Bolt

Bolt representing approximately 29% of its workforce on 2023-12-14.

In February 2023, ride-hailing platform Bolt laid off 17 employees from its Nigerian operations as part of a restructuring effort to improve operational processes in the country. This reduction affected 24% of its 70-person workforce in Nigeria, primarily impacting junior and mid-senior staff. The layoffs occurred despite Bolt's recent announcement of global hiring plans and a significant investment initiative in Africa. Affected employees received severance packages based on tenure, along with additional support such as extended health insurance and career coaching. This move highlights the strategic adjustments within the competitive ride-hailing industry, even as the company, valued at $8.4 billion, continues to expand its global footprint.

Bolt laid off 50 employees representing approximately 10% of its workforce on 2023-01-24.

Bolt laid off 240 employees representing approximately 27% of its workforce on 2022-05-25.