San Francisco-based startup announced their permanent four-day workweek, citing heightened productivity and happiness among current employees during a three month test run.
Bolt, the e-commerce company founded in 2014 which currently employs about 500 people, first implemented a four-day workweek as a pilot last fall, CNBC reported. Workers, naturally, loved it.
“I couldn’t imagine running a company any other way,” said founder and CEO Ryan Breslow.
Breslow addressed the idea of “theatre work” in a series of tweets stating, “Before we dive in, a point on the nature of work. Many companies are plagued with “theatre work”… ie work designed to “look” good vs actually move the needle. Countless meetings, confusing presentations, constant banter. The worst! We reject theatre work at Bolt.”
Bolt surveyed their team after the 3 month experiment. 80% of people responded:
- 94% are in favor of continuing
- 86% are more efficient with their time
- 85% of managers are able to hit OKRs
- 84% have improved work-life balance
- 84% are more productive at work
- 80% have eliminated unnecessary meetings
“This four-day workweek pilot was our test to see if we could keep standards of execution high while still putting the team’s health and well-being first, and it surely paid off,” said Bolt spokesperson Hilary Neve
“We are proud to make the four-way workweek a permanent way of working here at Bolt, and hope to set an example for other companies contemplating such a work model,” Neve continued.
Breslow believes a four day work week isn’t an “if” for most companies, it’s a “when.”