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The Journal.

Is Now the Moment for the Four-Day Workweek?

The Journal.

The Wall Street Journal

News, Daily News, Business News

4.25.8K Ratings

🗓️ 21 January 2022

⏱️ 17 minutes

🧾️ Download transcript

Summary

Earlier this month, Bolt, a startup in Silicon Valley, announced that employees can permanently work a four-day workweek. The company's founder and CEO tells The Journal why, and WSJ's Patrick Thomas explains how the four-day workweek went from an abstract idea to something employers across the country are now offering their staff. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Ryan Breslow is the CEO and founder of a tech startup called Bolt.

0:10.9

Last year he had an idea that he thought would revolutionize his business.

0:16.6

I think I was meditating or something and I had just seen an article on Forty Workweek

0:22.4

or read something about it.

0:24.0

So I was meditating and the idea hit me that this is the way of the future.

0:29.7

And I called my COO, MAJU and I said, MAJU, I think I have a crazy idea.

0:37.1

He's like, oh boy, alright, what is it?

0:41.4

And I said, Forty Workweek.

0:44.4

And what did he say?

0:45.4

He was like, oh.

0:48.8

Why do you think it's a crazy idea?

0:51.2

Well, it's crazy by societal standards, but it's not crazy at all.

0:57.0

It actually makes a ton of sense.

0:58.9

I think Forty Workweek is the most sensible thing that you can do for your organization.

1:06.4

I think five days a week is what's crazy.

1:11.8

Ryan thought the Forty Workweek made so much sense.

1:15.8

He decided that his nearly 600 employees would do it permanently.

1:21.0

And while this may sound like something only a Silicon Valley startup could do, right

1:25.4

now businesses across America are considering a shorter work week to combat burnout and

1:31.9

stop people quitting altogether.

1:37.0

Welcome to the journal, our show about money, business, and power.

1:41.4

I'm Kate Limbaugh.

...

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