This CEO Fired His Entire HR Department to Rescue His Failing Fintech Company: ‘Problems Disappeared When I Let Them Go’

After his company Bolt lost 97% of its value, Ryan Breslow gutted it, saying HR was “creating problems that didn’t exist.” When Ryan Breslow’s fintech company Bolt lost $10.7 billion in value, he had a radical diagnosis: HR needed to go. “They were creating problems that didn’t exist,” Breslow, 31, said at Fortune’s Workforce Innovation Summit. “Those problems disappeared when I let them go.”