Ryan Breslow, the co-founder and chief executive of US fintech firm Bolt, said the department was scrapped as part of sweeping layoffs.

Bolt CEO Ryan Breslow says a culture of “entitlement” forced a sweeping reset—including cutting the HR team, he says, which was “creating problems that didn’t exist.”

Bolt CEO Ryan Breslow says a culture of “entitlement” forced a sweeping reset—including cutting the HR team, he says, which was “creating problems that didn’t exist.”

Bolt CEO Ryan Breslow defends decision to eliminate HR team, claiming it created unnecessary problems and hindered company progress. | Trending

Ryan Breslow, the co-founder and chief executive of US fintech firm Bolt, said the department was scrapped as part of sweeping layoffs.

"We had an HR team, and that HR team was creating problems that didn’t exist," he said. "Those problems disappeared when I let them go."

Bolt Financial's Ryan Breslow braggart remarks have restarted the decades-old debate about just how useful HR departments are.

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