A CEO fired all of HR. The EEOC is suing the NYT. Both defended it onstage
Bolt CEO Ryan Breslow recently sparked controversy by announcing the dismissal of his entire HR team, claiming they created non-existent problems. This statement came shortly after significant layoffs at the company and amid allegations regarding employee compensation. Meanwhile, the EEOC chair defended a lawsuit against The New York Times, asserting that civil rights should be inclusive and aligned with the administration's priorities.
- ▪Ryan Breslow, CEO of Bolt, stated that the HR team was creating problems that didn't exist and fired them.
- ▪This announcement followed a layoff of approximately 30% of Bolt's workforce and claims of unpaid contractors.
- ▪Andrea Lucas, chair of the EEOC, defended the agency's lawsuit against The New York Times for alleged discrimination.
Opening excerpt (first ~120 words) tap to expand
Good morning!Recommended Video One quick way to enrage a room of people leaders? Tell them you let go of your entire HR team. That’s what Bolt CEO Ryan Breslow said at the Fortune Workplace Innovation Summit last week, and his comments quickly went viral. “We had an HR team, and that HR team was creating problems that didn’t exist,” Breslow told me. “Those problems disappeared when I let them go.” He boldly made the remarks just one month after laying off roughly 30% of employees and amid reports that Bolt offered some employees equity in lieu of salary while some contractors went unpaid. Breslow denied these claims. He declined to elaborate after our conversation, though his team pointed me to a LinkedIn post stating the fintech startup is hiring HR leaders in Estonia and Hungary.
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Excerpt limited to ~120 words for fair-use compliance. The full article is at Fortune.
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