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<title>This CEO Fired His Entire HR Department to Rescue His Failing Fintech Company: &#x26;#x2018;Problems Disappeared When I Let Them Go&#x26;#x2019;</title>
<link>https://freerepublic.com/focus/f-chat/4380471/posts</link>
<description>After his company Bolt lost 97% of its value, Ryan Breslow gutted it, saying HR was &#x26;#x201C;creating problems that didn&#x26;#x2019;t exist.&#x26;#x201D; When Ryan Breslow&#x26;#x2019;s fintech company Bolt lost $10.7 billion in value, he had a radical diagnosis: HR needed to go. &#x26;#x201C;They were creating problems that didn&#x26;#x2019;t exist,&#x26;#x201D; Breslow, 31, said at Fortune&#x26;#x2019;s Workforce Innovation Summit. &#x26;#x201C;Those problems disappeared when I let them go.&#x26;#x201D;</description>
<author>Entrepreneur.com</author>
<comments>https://freerepublic.com/focus/f-chat/4380471/posts#comment</comments>
<pubDate>Fri, 22 May 2026 12:14:29 GMT</pubDate>
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<title>Waking Up To Reality</title>
<link>https://freerepublic.com/focus/f-bloggers/4380464/posts</link>
<description>Finally, someone has seen the light:Bolt CEO fires his entire HR team because they &#x26;#x201C;created problems that didn&#x26;#x2019;t exist&#x26;#x201D;, and &#x26;#x201C;those problems disappeared when I let them go&#x26;#x201D;. Welcome to the party, pal.Ryan Breslow, the co-founder and chief executive of US fintech firm Bolt, said the department was scrapped as part of sweeping layoffs aimed at returning the struggling business to &#x26;#x201C;start-up mode&#x26;#x201D;.The 32-year-old added that HR professionals were more suited to &#x26;#x201C;peacetime&#x26;#x201D; conditions at larger companies rather than a start-up environment focused on rapid growth and efficiency.In his seminal work, Up The Organization, the late Robert Townsend had a...</description>
<author>Splendid Isolatrion</author>
<comments>https://freerepublic.com/focus/f-bloggers/4380464/posts#comment</comments>
<pubDate>Fri, 22 May 2026 11:39:16 GMT</pubDate>
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