San Francisco tech CEO kills unlimited PTO policy, slams it as ‘totally broken’

[Spartan]

The CEO of a San Francisco tech company has abruptly ended the company’s unlimited PTO policy, slamming it as “totally broken.” Ryan Breslow, CEO of checkouts and payment company, Bolt, made the announcement in a LinkedIn post Tuesday.

“We just killed Unlimited PTO at Bolt,” Breslow wrote. “It sounds progressive, but it’s totally broken.”

Breslow elaborated, saying that “when time off is undefined, that good ones don’t take PTO,” while “the bad ones take too much.”

“This leads to A-performer burnout. B-performer luxuries. And feelings of unfairness across the board,” he wrote.

Going forward, Breslow said the company would instead be mandating four weeks of paid vacation for all employees.

“So we’re flipping the script: no more confusion,” he wrote. “Every Bolter now gets 4 weeks of paid vacation (yes, the traditional corporate standard), with the opportunity to accrue more with tenure.”

Taking time off will not be optional, Breslow said, with the company mandating everyone to take four weeks off.

“If we’re asking people to move fast, build hard, and operate at the highest level, we need to protect their recovery time with the same intensity,” he said.

Unlimited PTO is a perk offered at many tech companies. While the policy can provide greater freedom and flexibility for employers, one commonly cited drawback is that without a set number of days employees must take off, some might not take any off.

[Spartan]

I like this idea...mandate instead of unlimited....

leda jobs eppudu assam aitayo ani...years tarabadi PTO teskoni vallu unnaru. 

[LadiesTailor]

1 hour ago, Spartan said:

I like this idea...mandate instead of unlimited....

leda jobs eppudu assam aitayo ani...years tarabadi PTO teskoni vallu unnaru. 

Yeah limited is always best and you will be forced to use it by end of the year… 

[megadheera]

1 hour ago, Spartan said:

The CEO of a San Francisco tech company has abruptly ended the company’s unlimited PTO policy, slamming it as “totally broken.” Ryan Breslow, CEO of checkouts and payment company, Bolt, made the announcement in a LinkedIn post Tuesday.

“We just killed Unlimited PTO at Bolt,” Breslow wrote. “It sounds progressive, but it’s totally broken.”

Breslow elaborated, saying that “when time off is undefined, that good ones don’t take PTO,” while “the bad ones take too much.”

“This leads to A-performer burnout. B-performer luxuries. And feelings of unfairness across the board,” he wrote.

Going forward, Breslow said the company would instead be mandating four weeks of paid vacation for all employees.

“So we’re flipping the script: no more confusion,” he wrote. “Every Bolter now gets 4 weeks of paid vacation (yes, the traditional corporate standard), with the opportunity to accrue more with tenure.”

Taking time off will not be optional, Breslow said, with the company mandating everyone to take four weeks off.

“If we’re asking people to move fast, build hard, and operate at the highest level, we need to protect their recovery time with the same intensity,” he said.

Unlimited PTO is a perk offered at many tech companies. While the policy can provide greater freedom and flexibility for employers, one commonly cited drawback is that without a set number of days employees must take off, some might not take any off.

 

1 hour ago, Spartan said:

I like this idea...mandate instead of unlimited....

leda jobs eppudu assam aitayo ani...years tarabadi PTO teskoni vallu unnaru. 

Unlimited PTO is a scam. Unused vacation ki pay cheyalsi vastadi if employee leaves company . Adi eggottataniki ee unlimited pto concept techaru…

[ANNA_PLEASE_PETTU]

1 hour ago, Spartan said:

The CEO of a San Francisco tech company has abruptly ended the company’s unlimited PTO policy, slamming it as “totally broken.” Ryan Breslow, CEO of checkouts and payment company, Bolt, made the announcement in a LinkedIn post Tuesday.

“We just killed Unlimited PTO at Bolt,” Breslow wrote. “It sounds progressive, but it’s totally broken.”

Breslow elaborated, saying that “when time off is undefined, that good ones don’t take PTO,” while “the bad ones take too much.”

“This leads to A-performer burnout. B-performer luxuries. And feelings of unfairness across the board,” he wrote.

Going forward, Breslow said the company would instead be mandating four weeks of paid vacation for all employees.

“So we’re flipping the script: no more confusion,” he wrote. “Every Bolter now gets 4 weeks of paid vacation (yes, the traditional corporate standard), with the opportunity to accrue more with tenure.”

Taking time off will not be optional, Breslow said, with the company mandating everyone to take four weeks off.

“If we’re asking people to move fast, build hard, and operate at the highest level, we need to protect their recovery time with the same intensity,” he said.

Unlimited PTO is a perk offered at many tech companies. While the policy can provide greater freedom and flexibility for employers, one commonly cited drawback is that without a set number of days employees must take off, some might not take any off.

Get job in 3 companies and from day 1 keep PTO for unlimited. 

3 salaries vasthayi kadha 🤣

[MACH]

2 hours ago, Spartan said:

The CEO of a San Francisco tech company has abruptly ended the company’s unlimited PTO policy, slamming it as “totally broken.” Ryan Breslow, CEO of checkouts and payment company, Bolt, made the announcement in a LinkedIn post Tuesday.

“We just killed Unlimited PTO at Bolt,” Breslow wrote. “It sounds progressive, but it’s totally broken.”

Breslow elaborated, saying that “when time off is undefined, that good ones don’t take PTO,” while “the bad ones take too much.”

“This leads to A-performer burnout. B-performer luxuries. And feelings of unfairness across the board,” he wrote.

Going forward, Breslow said the company would instead be mandating four weeks of paid vacation for all employees.

“So we’re flipping the script: no more confusion,” he wrote. “Every Bolter now gets 4 weeks of paid vacation (yes, the traditional corporate standard), with the opportunity to accrue more with tenure.”

Taking time off will not be optional, Breslow said, with the company mandating everyone to take four weeks off.

“If we’re asking people to move fast, build hard, and operate at the highest level, we need to protect their recovery time with the same intensity,” he said.

Unlimited PTO is a perk offered at many tech companies. While the policy can provide greater freedom and flexibility for employers, one commonly cited drawback is that without a set number of days employees must take off, some might not take any off.

ee unlimite pto concept evadu kanipettado gani... 1go petti guddali

[ARYA]

2 hours ago, Spartan said:

The CEO of a San Francisco tech company has abruptly ended the company’s unlimited PTO policy, slamming it as “totally broken.” Ryan Breslow, CEO of checkouts and payment company, Bolt, made the announcement in a LinkedIn post Tuesday.

“We just killed Unlimited PTO at Bolt,” Breslow wrote. “It sounds progressive, but it’s totally broken.”

Breslow elaborated, saying that “when time off is undefined, that good ones don’t take PTO,” while “the bad ones take too much.”

“This leads to A-performer burnout. B-performer luxuries. And feelings of unfairness across the board,” he wrote.

Going forward, Breslow said the company would instead be mandating four weeks of paid vacation for all employees.

“So we’re flipping the script: no more confusion,” he wrote. “Every Bolter now gets 4 weeks of paid vacation (yes, the traditional corporate standard), with the opportunity to accrue more with tenure.”

Taking time off will not be optional, Breslow said, with the company mandating everyone to take four weeks off.

“If we’re asking people to move fast, build hard, and operate at the highest level, we need to protect their recovery time with the same intensity,” he said.

Unlimited PTO is a perk offered at many tech companies. While the policy can provide greater freedom and flexibility for employers, one commonly cited drawback is that without a set number of days employees must take off, some might not take any off.

idi ite nijam sittancle...vacay time used to be like gauranteed money in the bank...ippudu people are not even taking 2 weeks vacation big scam..

[Anta Assamey]

Unlimited PTO is a Scam...Glad someone is getting out of it...

[yemdoing]

Unlimited PTO was always looked like a corporate scam 

[Konebhar6]

5 hours ago, Spartan said:

The CEO of a San Francisco tech company has abruptly ended the company’s unlimited PTO policy, slamming it as “totally broken.” Ryan Breslow, CEO of checkouts and payment company, Bolt, made the announcement in a LinkedIn post Tuesday.

“We just killed Unlimited PTO at Bolt,” Breslow wrote. “It sounds progressive, but it’s totally broken.”

Breslow elaborated, saying that “when time off is undefined, that good ones don’t take PTO,” while “the bad ones take too much.”

“This leads to A-performer burnout. B-performer luxuries. And feelings of unfairness across the board,” he wrote.

Going forward, Breslow said the company would instead be mandating four weeks of paid vacation for all employees.

“So we’re flipping the script: no more confusion,” he wrote. “Every Bolter now gets 4 weeks of paid vacation (yes, the traditional corporate standard), with the opportunity to accrue more with tenure.”

Taking time off will not be optional, Breslow said, with the company mandating everyone to take four weeks off.

“If we’re asking people to move fast, build hard, and operate at the highest level, we need to protect their recovery time with the same intensity,” he said.

Unlimited PTO is a perk offered at many tech companies. While the policy can provide greater freedom and flexibility for employers, one commonly cited drawback is that without a set number of days employees must take off, some might not take any off.

IT was always meant to be take less than 4 weeks. Most people I know take around 3 weeks. Does anyone take more than 4 weeks? Usually, the manager has to approve right? If someone takes too much PTO, they are under radar. 

Perils of the IT Companies. I don't think other companies do. 

[Konebhar6]

3 hours ago, megadheera said:

 

Unlimited PTO is a scam. Unused vacation ki pay cheyalsi vastadi if employee leaves company . Adi eggottataniki ee unlimited pto concept techaru…

Absolutely. We used to have 420 hours accrued PTO. Reduced to 240 now over years. It was done to clear their books. 

[gutlogummadi]

God bless cali, we get to keep 1 1/2 times of accrued pto per year

[k2s]

8 hours ago, Spartan said:

I like this idea...mandate instead of unlimited....

leda jobs eppudu assam aitayo ani...years tarabadi PTO teskoni vallu unnaru. 

[Thokkalee]

12 hours ago, megadheera said:

Unlimited PTO is a scam. Unused vacation ki pay cheyalsi vastadi if employee leaves company . Adi eggottataniki ee unlimited pto concept techaru…

Unlimited PTO is a progressive thing.. this policy is only in big tech companies who don’t mind paying for an extra month of unused PTO.. they give the highest salaries.. 

this is basically used to control who takes how much vacation.. they can refuse if some critical thing is going on.. that ceo is right in saying that ppl who don’t work much will get this approved easily and critical ppl who work more don’t even apply or don’t get approved to take a long leave