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International Business Times UK

Stephanie Cruz

'Fired HR, Problems Disappeared': Bolt CEO Claims HR Was Creating Problems That 'Didn't Exist'

Bolt Ryan Breslow Fortune fintech

Bolt co-founder Ryan Breslow gave legacy employees 60 days to adapt after his return as CEO, estimating that 99% failed to make the cut. (Credit: IG/ ryantakesoff)

Bolt, the fintech startup that once commanded an £8.6 billion ($11 billion) valuation, has shed its entire human resources department. Its co-founder and chief executive, Ryan Breslow, told Fortune's Workforce Innovation Summit on 19 May that the team was 'creating problems that didn't exist.'

'Those problems disappeared when I let them go,' Breslow said.

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