Bolt founder defends firing entire HR team |
| Ryan Breslow, the co-founder and chief executive of American fintech company Bolt, which makes software to speed up online checkouts, has defended his decision to fire its entire human resources team, arguing they were "creating problems that did not exist." Bolt laid off roughly 30% of its workforce in April. Breslow said: "We had an HR team, and that HR team was creating problems that didn't exist . . . Those problems disappeared when I let them go." He added: "We're back in startup mode again, and those HR professionals have really important insights when you're in a peacetime and when you're at a larger company." After stepping down in 2022, Breslow returned to Bolt as CEO in 2025, operating in what he calls “wartime.” The firm has established a smaller "people operations team" to oversee employee training and serve as a resource for staff. "We need a group of people who are very oriented around getting things done, and there is just a culture of not getting things done and complaining a lot," Breslow said. |
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