- As companies like Netflix double down on unlimited PTO benefits, the boss of $11 billion fintech company, Bolt has just axed the policy altogether. Its millennial founder and CEO Ryan Breslow says instead of encouraging flexibility, it bred burnout and unfairness. Now, he’s capping vacations because the ‘bad ones’ were taking too much time off.
On paper, unlimited PTO sounds like the holy grail of benefits a company can offer its employees—the ability to take endless vacations and avoid burnout. But for the $11 billion fintech startup Bolt, (not to be confused with the Uber rival, also called Bolt), unlimited PTO has been a double-edged sword that has caused more problems than solutions.
