people · May 21, 2026
Bolt CEO Ryan Breslow defends eliminating HR department amid staff cuts
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Bolt CEO Ryan Breslow defended the elimination of the HR team and 30% staff reduction at Fortune’s Workforce Innovation Summit. Ryan Breslow said the company now has a team a quarter of the size that is much more junior works a lot harder and delivers better customer attention than in the prior four years. Bolt was founded in 2014 reached $11 billion valuation in 2022 then fell to $300 million by 2025 with Ryan Breslow returning as CEO in March 2025.
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