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Bolt CEO says he let go of HR team for creating problems that didn't exist

https://fortune.com/2026/05/19/bolt-ceo-ryan-breslow-cut-hr-department-causing-problems-fintech-startup-turn-around/
12•cdrnsf•39m ago

Comments

pavel_lishin•24m ago
I wish he'd described some of the problems. What we get from the article is very vague.

> While Breslow didn’t get into the specifics of the exact differences, he wrote on LinkedIn last year that, “HR is the wrong energy, format, and approach. People ops empowers managers, streamlines decision making, and keeps the company moving at lightning speed.”

> “We need a group of people who are very oriented around getting things done, and there is just a culture of not getting things done and complaining a lot,” he added at the Fortune conference.

futuraperdita•19m ago
The difference between HR, which is often policy and governance driven, and “people operations” probably points enough to the dynamic here. He wants to avoid red tape, hire and fire fast and accept the minimal risk of consequence, and HR sounds like they held him back from liquidity in human capital.
fakedang•14m ago
In my experience, whatever is typically done by HR and People teams can also be done by a generalist admin team.

- Recruiting - Onboarding - Payroll / Insurance - Culture development - Team building - Legal compliance - Offboarding

We (~120 employees) have worked with some massive conglomerates and retail enterprises too, and HR is wholly necessary for those formats. Where the line blurs between white collar and blue/brown collar collar is where HR becomes mandatory. For a purely white collar company? Absolutely useless and not worth it.

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