> “We got rid of our HR team,” the 31-year-old said while speaking at Fortune’s Workforce Innovation Summit on Tuesday.
> Breslow’s rationale for letting go of the entire human resources team was simple — “We had an HR team, and that HR team was creating problems that didn’t exist,” he said. “Those problems disappeared when I let them go.”
> He claimed that letting go of HR was essential to resurrect Bolt — a company that was once valued at $11 billion but has since witnessed a reversal of fortune, with its valuation falling to roughly $300 million.
It's a crypto trading app that calls itself a super app and whose CEO is writing outlandish Linkedin posts to get attention to the failing company.
Not worth the HN bandwidth and attention in my opinion.
5 comments
[ 2.9 ms ] story [ 24.7 ms ] thread> Breslow’s rationale for letting go of the entire human resources team was simple — “We had an HR team, and that HR team was creating problems that didn’t exist,” he said. “Those problems disappeared when I let them go.”
> He claimed that letting go of HR was essential to resurrect Bolt — a company that was once valued at $11 billion but has since witnessed a reversal of fortune, with its valuation falling to roughly $300 million.
My comment: