Fintech CEO fires all HRs, says they were creating problems that never existed

Key points

• The US-based fintech company Bolt laid off its entire human resources department during a major restructuring exercise in April 2026. The move came alongside cuts affecting around 30 per cent of the company’s workforce.
• Now, CEO and co-founder Ryan Breslow is justifying the elimination of the entire department, claiming that the team was “creating problems that didn’t exist”.
• Speaking at Fortune’s Workforce Innovation Summit, Breslow defended the decision to lay off the entire HR department, saying it was part of a broader turnaround strategy aimed at reviving the once high-flying fintech firm after years of declining valuation, layoffs and restructuring.
• Read Full Story Breslow said that removing the HR function was necessary to make the company more agile and focused on execution.
• According to him, the issues he associated with the HR department disappeared once the team was let go.