Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’
Summary
Fortune covers Bolt CEO Ryan Breslow’s controversial decision to dismantle the company’s HR department as part of a broader turnaround, arguing that the HR team was introducing problems. The piece threads together the company’s rise to an $11B valuation, followed by layoffs and a leaner organization, with Breslow claiming a startup mindset is returning and HR should be replaced by a smaller, more action-oriented people operations function. It also references rumors about payroll and pay issues and places the story in the context of the Fortune Workforce Innovation Summit.