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This CEO Fired His Entire HR Department to Rescue His Failing Fintech Company: ‘Problems Disappeared When I Let Them Go’
Entrepreneur.com ^ | May 21, 2026 | Jonathan Small

Posted on 05/22/2026 5:14:29 AM PDT by MayflowerMadam

After his company Bolt lost 97% of its value, Ryan Breslow gutted it, saying HR was “creating problems that didn’t exist.”

When Ryan Breslow’s fintech company Bolt lost $10.7 billion in value, he had a radical diagnosis: HR needed to go. “They were creating problems that didn’t exist,” Breslow, 31, said at Fortune’s Workforce Innovation Summit. “Those problems disappeared when I let them go.”

(Excerpt) Read more at entrepreneur.com ...


TOPICS: Business/Economy
KEYWORDS: bolt; ceo; fintech; fired; personnel; ryanbreslow

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To: V_TWIN

https://www.themuse.com/advice/unlimited-pto-pros-and-cons

The cons of unlimited PTO
While some benefits of PTO are flexibility and freedom, it also comes with some notable drawbacks. What are the disadvantages of the PTO policy? Let’s explore the main ones:

Employees might take less time off
Surprisingly, some employees may take fewer days off under an unlimited PTO policy than they would under a traditional policy with a fixed number of days. Without a set number of days, many workers feel guilty or uncertain about requesting time off, fearing they might be judged by their peers or managers. This can lead to burnout instead of the improved work-life balance the policy aims to create.


21 posted on 05/22/2026 5:56:44 AM PDT by PeterPrinciple (Thinking Caps are no longer being issued, but there must be a warehouse full of them somewhere)
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To: sphinx

Consultants say, “When you see the light at the end of the tunnel, extend the tunnel.”


22 posted on 05/22/2026 5:56:52 AM PDT by dfwgator ("I am Charlie Kirk!")
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To: MayflowerMadam

I always thought HR were the guidance counselors of the corporate world. In my high school experience, these were former teachers who were not competent enough to teach at the low bar set for public schools so they made them guidance counselors. In the corporate world these are people not able to do any other job other than the nothing they accomplish in HR.


23 posted on 05/22/2026 5:57:48 AM PDT by Freedumb
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To: ComputerGuy
Your welcome ComputerGuy who either can't ceate a clickable link, or is too lazy to do so. We can both trade insults, if that is your thing.

I merely stated that the link you provided, does not prohibit the posting of this article., and if you were just pointing out that the link you provided was to inform that the link you provided meerly alerted that the non descriptive post tile was also about the same topic, then thank you for doing so. Because I would never had looked at that post you linked to. most likely. For it just didn't grab me.

24 posted on 05/22/2026 5:57:52 AM PDT by Robert DeLong
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To: dfwgator

Which brings us to mission creep.


25 posted on 05/22/2026 5:59:14 AM PDT by sphinx
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To: MayflowerMadam

Mebe the competition rolled out a better product??

Back to the article.
Woke HR is a cancer.

AI can draft job descriptions, review resumes and select a short list for interviews, draft interview questions, read and process gubmint edics....

You still need a sociable youngster to organize and execute the summer picnics and Christmas parties...


26 posted on 05/22/2026 5:59:21 AM PDT by Steven Tyler
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To: T. P. Pole

Any level of business initially managed by a single near East Indians
ends up fully staffed by Indians; they then shift to their caste system to fight internally.


Another reason to ban H1B visas.

cont


27 posted on 05/22/2026 6:01:13 AM PDT by Liz (Winston Churchill: “Nothing in life is so exhilarating as to be shot at without result.”)
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To: MayflowerMadam

Going out on a limb here, but my guess is that HR was following the law - state and federal, and there are plenty of laws to navigate. HR problems get expensive quickly because plaintiffs’ attorneys can get fees which are disproportionate to the harm done when they are successful. There is a big incentive for plaintiffs’ lawyers to take on employment cases for even small infractions like I-9 violations, minimum wage claims, discrimination, civil rights claims, and disability claims, just to name a few. HR did not make the laws, but I am suspicious that HR staff was just trying to follow them to protect the company.


28 posted on 05/22/2026 6:04:44 AM PDT by esquirette ("Our hearts are restless until they find rest in Thee." ~ Augustine)
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To: sphinx

Yep.

In attempting to become ISO 9000 compliant the cerifying company took forever knit picking everything for months.

After certification it was the same deal....they would ALWAYS something to pick at no matter how minor.

Corrupt auditors.....very dangerous....and insidious for that matter.


29 posted on 05/22/2026 6:05:51 AM PDT by V_TWIN (America....so great even the people that hate it, won't leave)
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To: T. P. Pole

cont

Indian visas include electronic visas (e-Visa) for tourism, business, and medical, as well as regular paper visas for employment, study, and filming. The e-Visa is available for 30 days to 5 years, allowing multiple entries for specific purposes, while regular visas are required for long-term stays (employment, long-term tourism).


Key types of Indian visas available in 2026:

1. E-Visa Categories (Fastest, Online Application)

e-Tourist Visa: For recreation, sightseeing, or visiting friends/relatives.

e-Business Visa: For business meetings, sales, or setting up ventures.e-Medical & e-Medical Attendant Visa: For medical treatment under Indian systems (Ayush) and to accompany the patient.

e-Conference Visa: For attending seminars or workshops organized by Indian government ministries.


2. Regular/Paper Visas (Stamped in Passport)

Tourist Visa: Standard visa for sightseeing, valid for up to 10 years for some nationalities.

Employment Visa: For foreigners employed by an Indian company or NGO.

Student/Research Visa: For studying in Indian educational institutions.

Film Visa: For foreign film crews shooting in India.

Journalist Visa: For journalists and documentary filmmakers.

Medical/Medical Attendant Visa: For long-term medical treatments.


Important Details for Application:

Official e-Visas must be applied for at indianvisaonline.gov.in.

Validity: The e-Tourist visa allows a maximum stay of 180 days in a calendar year.

Entry Requirements: Passports must have at least six months validity and two blank pages.

Entry Points: E-visas are accepted at designated international airports and seaports.

Disclaimer: Visa rules can change; always check the official Indian immigration portal for updates.

SOURCE Type of Visas | Consulate General of India, San Francisco, USAMay 19, 2026


30 posted on 05/22/2026 6:08:13 AM PDT by Liz (Winston Churchill: “Nothing in life is so exhilarating as to be shot at without result.”)
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To: dfwgator

I am searching for a new opportunity.

I look up a company on LinkedIn. I run through their employees who opened a LinkedIn page. I am interested in the career path of potential co-workers.

I note many, many, many brown CFO or Vice Presidents have hired brown direct reports.
Those workplaces are not diverse, per LinkedIn data


31 posted on 05/22/2026 6:09:00 AM PDT by Steven Tyler
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To: V_TWIN
When I think of auditors, I always picture this guy...


32 posted on 05/22/2026 6:09:02 AM PDT by dfwgator ("I am Charlie Kirk!")
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To: T. P. Pole; All

same here...50 years in the IT workforce, the biggest A-holes in the company were in HR...don’t know if the stuff they do is mandated from on high, or if they are just woke power trippers (probably this)


33 posted on 05/22/2026 6:10:19 AM PDT by notdownwidems (Washington D.C. has become the enemy of free people everywhere!)
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To: MayflowerMadam

With any luck it’ll catch on with some left voters too.


34 posted on 05/22/2026 6:12:17 AM PDT by Vaduz (NEVER TRUST A DEMOCRAT)
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To: dfwgator

Ah yes....Walter Peck.

Has William Atherton played a jackass in EVERY movie he’s ever been in? Lol!


35 posted on 05/22/2026 6:12:37 AM PDT by V_TWIN (America....so great even the people that hate it, won't leave)
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To: V_TWIN; All

yeah my wife’s company came out with ‘unlimited PTO’ policy a while back... turns out you still had to have management approval to take any time off, which may or may not be given; they have less time off than before


36 posted on 05/22/2026 6:16:10 AM PDT by notdownwidems (Washington D.C. has become the enemy of free people everywhere!)
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To: V_TWIN

“Unlimited PTO” is always a lie. Smart employees usually take whatever the limit used to be and use that as their guideline.

Inevitably management winds up having to put something in place to manage time off, usually they just use how much time people take off as a ranking system and get rid of the ones not meeting whatever unstated expectation management actually has.

I always go with the principle of “it’s work, it’s supposed to suck.” That is keeping your expectations as low as possible while being there as much as possible while caring as little as possible leads to the most job security and satisfaction.


37 posted on 05/22/2026 6:20:02 AM PDT by hopespringseternal
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To: HYPOCRACY

I’ve always found HR to be fat mean women, generally black.

Hired so that when a minority is fired for cause it’s harder to sue.


38 posted on 05/22/2026 6:25:37 AM PDT by TheThirdRuffian (Orange is the new brown)
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To: MayflowerMadam

I was asked to interview candidates for my group. None of the candidates were qualified. All had BAs and MAs, and could speak the latest product development jargon, but none had hands-on or technical knowledge required to design, prototype, test, or support production.

The job posting from the HR group was some compilation of requirements that they had assembled. I had some of my most productive people review the posting, and they all laughed… It didn’t describe characteristics of a successful employee. It described a meeting attender, paper-pusher that we would have to train from scratch. Everybody needs training, but these people were babes in the woods.

I told HR that I was going to write the posting, and they objected, and explained their hiring goals. Their goals don’t provide employees that will succeed, but they do keep HR (now called People Services) busy.


39 posted on 05/22/2026 6:30:58 AM PDT by OldCountryBoy (You can't make this stuff up!)
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To: MayflowerMadam

Watching the AWFLs crash out on LinkedIn over his decision is making my morning coffee taste way better.


40 posted on 05/22/2026 6:31:07 AM PDT by Frank Drebin (And don't ever let me catch you guys in America!)
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