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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 ...
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I think I see the problem.
Ah yes, in larger corps there is pressure to have a minority on the board, and since they don’t want an incompetent over something that doesn’t matter, hires the big black woman for HR. Where she poisons the corp culture with all the crap they bring in. Seen it over and over.
HR is now all Indians. That way they can hire nothing but other Indians. All companies should get rid of HR.
True that, and not just HR. Any level of management where an Indian gets in ends up fully staffed by Indians. Then they shift to their caste system to fight internally.
My large company still has the BBW leading HR, but just about all the upper directors are Indian. And development is getting close to 100%. Something like 500 people that “replaced” a staff of 25 SMEs and our code is failing nonstop now.
Different sources, so it is acceptable, besides the title that your link takes one to, is less descriptive, so unless one follows the post you point to, one would ever know that was the topic being discussed. But now Freepers can see wo different articles on the topic. I’m, sure they contain different information as well. But I have’t read it, so I do not know.
“HR was “creating problems that didn’t exist.”
IOW job security.
I’ve had 1st hand experience with this.
I worked for the federal government in the DoD for 3 decades and I lost track of how many times processes and procedures changed at the blink of an eye for no apparent reason....especially when those same processes and procedures were functioning perfectly fine.
Somebody somewhere was doing it to prove they were essential to the company.
“HR is now all Indians”
If they’re attempting to apply the caste system that would explain a lot.
Thank you, Madam
Our HR department is worthless. Now days if you have a question about benefits etc... they can’t answer it but send you a link. What exactly are they doing that I can’t do myself? Plus, now ours wants to sit in on technical interviews for engineering positions, wtf? They can’t even add what are they going to ask or be able to decipher. Their comeback is to “make sure they are a good fit”...
I always looked at HR as suspect. I mean, they manage a human “resource.” That made me think of Soylent Green. They aren’t a “resource”, they are people.
We need to go back to the “Personnel Office.”
This doesn’t mean we accept bad behavior in the office. We never did. But the whole diversity and inclusion bullcrap has to stop.
Their comeback is to “make sure they are a good fit”...
IOW make sure they are “diverse” enough.
Ah yes HR. Because the woke crowd who majored in “Women in the Stone Age” or “Race Power and Colonialism” need someplace in Corporate America.
Ask your average HR person what product or services are made or offered by the company they work for. Bet they could not name one. But they sure as heck could let you know the diversity of the work force.
He also told HR to forward resumes for a certain position to him, and told them it’s not their job to decide who was qualified. It wasn’t well received by HR.
Solves the DEI nonsense
From the article:
“But HR wasn’t the only group to lose their jobs. Breslow said employees had grown complacent during the boom years, when Bolt’s valuation hit $11 billion in 2022 before crashing to $300 million. He gave workers 60 days to adapt to a leaner culture but said 99% couldn’t make the shift. “There’s a sense of entitlement that had festered across the company,” he said. He fired nearly the entire leadership team and eliminated four-day work weeks and unlimited PTO.”
unlimited PTO.....WHAT???!!!
That’s just asking for trouble
Intel was one of the first to hire DEI HR department in around 2011.
Some moron from Obama’s staff.
You could check the Org Chart and see her at the same level as the CEO.
And then the crazy began.
Consultants do the same thing. If the consultant is focused on product quality, employee productivity and market share in the widget business, there are some tangible parameters that impose discipline. But as one wanders into more subjective domains, consultants' disease takes over. The Haupt Gardens in front of the Smithsonian Castle are a good example. We almost lost those. Museums are highly vulnerable. It intrudes into architecture. It comes up a lot in historic preservation and interpretation, where consultants think they HAVE to recommend changes to justify their existence. That's often where hidden agendas creep in, and it often leads to ugly modernism degrading the asset.
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