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.”