Bolt CEO Says He Fired Entire HR Team

11,544 Views | 128 Replies | Last: 5 days ago by infinity ag
Cromagnum
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TxSquarebody said:

HR is the most worthless department in any company and a net drain. Prove me wrong!


They hold a close 2nd to the DEI officer and whatever umbrella is beneath them.
ExPeterKeating
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Cromagnum said:

TxSquarebody said:

HR is the most worthless department in any company and a net drain. Prove me wrong!


They hold a close 2nd to the DEI officer and whatever umbrella is beneath them.


HR created most of the DEI junk. Get rid of both.

I'm old enough to remember when HR was a lady who sat in an office called Personnel. She handed out pay checks. Since then some HR groups have become bloated, self justifying gestapos that push solutions to problems that don't exist.
The danger to America is not Biden/Harris but a citizenry capable of entrusting them with the presidency. It will be easier to undo the follies of their ideas than to restore the necessary common sense and good judgment to an electorate willing to have such a pair for their president. The problem is much deeper and far more serious than Mr. Biden, who is a mere symptom of what ails us. Blaming the prince of the fools should not blind anyone to the vast confederacy of fools that put them in place to lead.
ts5641
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He's got a point with HR. They do create and encourage problems to justify their existence.
flyrancher
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AG
The closest thing to a federal government bureaucracy in the private sector, is an HR department. It seldom promotes the mission and frequently deters it. A company sponsored internal union shop.
flyrancher
G Martin 87
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Vestal_Flame said:

The job of HR, if done right, is to free managers from dealing with crap that distracts from production.
Too many times, HR people see themselves as Righteous Crusaders against Evil Managers who would get the company sued into oblivion if left to their own devices. Compliance departments are even worse.
lagoag
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TxSquarebody said:

HR is the most worthless department in any company and a net drain. Prove me wrong!

Yeah but the *****'s have to have someone to whine too.
Hoosegow
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Can Breslow come run the company I work for, and can we include safety as well?
Class of '94
Sweep4-2
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Lol, y'all have had some bad experiences with HR for sure! Is that all of HR, or just the HR Rep and DEI folks?

I'm a long time Industrial Relations professional and have spent years trying to keep locations from unionizing, managing CBA's where needed and resolving labor disputes that can threaten operations.

And leaders generally want IR professionals / attorneys to keep their organizations union-free or at least professionally run if organized. And large companies need legal and labor experts to avoid regulatory attention and fines.

Or so I thought anyway haha.
Consistency: It's only a virtue if you're not a screw-up.
LMCane
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Logos Stick said:

HR sucks ass. Don't blame him.

the main leaders of DEI are the Human Resource lackeys

it actually makes sense that HR was creating more problems than solving.

we need to fire more HR staff across the country.
Lathspell
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AG
Thank God my only interaction with HR has been through customers, because I work at a small company. The times I have, they have been insufferable people.
Cinco Ranch Aggie
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AG
HR traditionally causes all sorts of issues within any company.
DrEvazanPhD
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Vestal_Flame said:

The job of HR, if done right, is to free managers from dealing with crap that distracts from production.

And here's the crux of the matter. Your average HR member wound up there, not because they wanted to be there. It's a department filled with people with massive chips on their shoulders and become a good example of the corrupting influence of a small amount of power. It's the same mentality you get from the DMV.

Last hiring round we did, HR deliberately slow-played our resume collection process until we had sufficient "minority and female" candidates to form a pool. My ideal candidate had applied, resume submitted directly to me, and in the 2 month space of our delay, got another job. I hired no one from the later applicant pool.

I know what I need. HR doesn't. But HR loves to stick their fingers where they don't belong.
MD1993
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AG
Sounds like the CEO or one of his best people got caught banging interns, and HR said you can't do that. Boom, fired.
annie88
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AG
Or it was a bunch of white liberal women which of course explains it in itself.
I don’t get enough credit for the things I manage not to say.
reineraggie09
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MD1993 said:

Sounds like the CEO or one of his best people got caught banging interns, and HR said you can't do that. Boom, fired.


Agreed. Maybe he went to a Coldplay concert
Urban Ag
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The biggest problem with HR departments within large organizations is that they are neither management nor are they legal, yet they seem to believe they are both.

Having a decent understanding of employment law does not make one an attorney. "Advising" managers is not the equivalent of actually managing.

Michael Scot was right.

If I'm in a room with Bin Laden, Hitler, and Toby, with a gun and two bullets, what would I do? Shoot Toby twice

Hank the Grifter
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Guy that blames CEOs for everything, goes on a rant about CEO blaming others for everything.

Film at 11.
Science Denier
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infinity ag said:

TxSquarebody said:

HR is the most worthless department in any company and a net drain. Prove me wrong!


I don't disagree.
But this clown CEO is the one responsible for tanking the company and he's blaming HR.

If it is anyone who needs to get canned it's the CEO.

He's blaming HR for what? ****ty policies? String up BS in order to keep their job and their "need to fix ****"? Yep. And costing too much? Sure. Sounds like those are legit reasons to can them.

Don't see he's blaming HR for stock tanking.
YouBet
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AG
HR is mostly a cancer. It's notable that in most of the initial layoffs "due to AI", it was HR groups that got cut. And that's because they are bloated departments who have scope creeped beyond all things common sense.

Stick to cutting checks and hiring people. The most worthless "advancement" in HR in the past several years was the advent of the HRBP. All that did was create an opportunity for HR to imbed themselves into your operation and create never ending bureaucratic bull***** And then all of the forced training they put on your plate to check diversity boxes and other social justice bull*****..which, to be fair, is partially driven by the government, but still.

When it comes to employee issues, I would just rather deal with in-house general counsel. At least I'm getting to consult with a credentialed, professional, and intelligent person rather than a HRBP woman who should be working in fast food.
BlueSmoke
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HR's role has morphed quickly away from protecting the individual and now protecting the company. It has a role, albeit at a fraction of the size that most operate at today. If you have an actual grievance, know that you are guilty until proven innocent. They are not your friends. They do not have your back. Most have very, very little knowledge of what the companies they work for actually do and how.
infinity ag
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AggieVictor10 said:




Oh man... I am sure it is stupid chicks like this who tanked the high tech industry. They hired these sloots to sex up the environment and they went crazy making these tiktoks and reels about how the job was no work and all pay and lots of dancing and partying.

Moral: Women ruin everything good.

No wonder we need H1Bs.
Exposing Hypocrisy - one CEO at a time
JasonD2005
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AG
The way I see it, the only 2 truly necessary HR functions are payroll and benefits. You can outsource both of those. If the firm principals are too busy to talk to those outsiders, hire a part time secretary.
infinity ag
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Science Denier said:

infinity ag said:

TxSquarebody said:

HR is the most worthless department in any company and a net drain. Prove me wrong!


I don't disagree.
But this clown CEO is the one responsible for tanking the company and he's blaming HR.

If it is anyone who needs to get canned it's the CEO.

He's blaming HR for what? ****ty policies? String up BS in order to keep their job and their "need to fix ****"? Yep. And costing too much? Sure. Sounds like those are legit reasons to can them.

Don't see he's blaming HR for stock tanking.


He has TWO HR people in his company.
Valuation dropped from 11B to 300M.
CEO fires "entire HR dept" because are "causing problems" and complaining.

Who really needed to get canned? The person responsible for the 11B --> 300M transition.

Also known as the CEO.

Exposing Hypocrisy - one CEO at a time
MemphisAg1
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Urban Ag said:

The biggest problem with HR departments within large organizations is that they are neither management nor are they legal, yet they seem to believe they are both.

Having a decent understanding of employment law does not make one an attorney. "Advising" managers is not the equivalent of actually managing.

Michael Scot was right.

If I'm in a room with Bin Laden, Hitler, and Toby, with a gun and two bullets, what would I do? Shoot Toby twice

This. I've worked with a few great HR leaders, and they all had practical experience managing people in prior roles in manufacturing, sales, supply chain, etc. They worked with me in a very practical way to help hire, develop, and retain key talent. They didn't just follow the corporate playbook; they actually pushed back on it when it made sense.

But most of them had zero real-world experience of actually managing people. They got some kind of fluffy degree and were hired to satisfy DEI quotas. They had no clue, and all they did was parrot whatever the corporate master told them to parrot. You couldn't even describe them as useless, because "useless" implies a neutral impact. They were destructive to the organization, taking away value instead of adding.

I respect the former group a lot but have total disdain for the latter.
Urban Ag
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JasonD2005 said:

The way I see it, the only 2 truly necessary HR functions are payroll and benefits. You can outsource both of those. If the firm principals are too busy to talk to those outsiders, hire a part time secretary.

Nailed it

I'd add some onboarding, offboarding, and company policy stuff but otherwise nip it at that. A large organization may need one HR generalist per 250 employees tops.
Science Denier
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infinity ag said:

Science Denier said:

infinity ag said:

TxSquarebody said:

HR is the most worthless department in any company and a net drain. Prove me wrong!


I don't disagree.
But this clown CEO is the one responsible for tanking the company and he's blaming HR.

If it is anyone who needs to get canned it's the CEO.

He's blaming HR for what? ****ty policies? String up BS in order to keep their job and their "need to fix ****"? Yep. And costing too much? Sure. Sounds like those are legit reasons to can them.

Don't see he's blaming HR for stock tanking.


He has TWO HR people in his company.
Valuation dropped from 11B to 300M.
CEO fires "entire HR dept" because are "causing problems" and complaining.

Who really needed to get canned? The person responsible for the 11B --> 300M transition.

Also known as the CEO.

If HR is creating problems, like they do in MOST companies, it's great that he has the balls to fire these losers and set the tone for the next hire. Most companies treat HR like something that they have to have and let them irritate everyone. Yes, creating problems that don't exist. And constant *****ing if the CEO tells them no.

That has nothing to do with company performance, stock price or anything.

Also has nothing to do with the CEO needing to be canned. If he sucks, can him.

Some things are just not that hard.
YouBet
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JasonD2005 said:

The way I see it, the only 2 truly necessary HR functions are payroll and benefits. You can outsource both of those. If the firm principals are too busy to talk to those outsiders, hire a part time secretary.


Exactly. I told our owner that the day we hired an HR department is the day I retire. I ultimately retired before that event horizon but in the meantime we outsourced the whole function to ADP. Zero reason to have humans for HR in small to medium companies.

The only reason I put hiring in my first post is because once you get to be a large organization then hiring on your own is a PITA. Of course, AI may solve that problem going forward.
jeremy
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infinity ag said:

Another nutty CEO story.
That's the thing with these doofuses. It is always someone else's fault, not theirs. Instead of finding out what they are complaining about, he just fired them all.

If he hires the next set of HR people, they know very well to keep their mouths shut and pretend they didn't see issues, which would then not get fixes leading to more problems.

Ah yes, we always have "AI" that magically fixes all problems.



CEO Says He Fired Entire HR Team for 'Creating Problems That Didn't Exist'
https://people.com/ceo-says-he-fired-entire-hr-team-for-creating-problems-that-didnt-exist-11979483

Quote:

  • Ryan Breslow, the CEO of fintech company Bolt, spoke at a Fortune magazine conference on May 19 about firing his human resources team, alleging they "created problems that didn't exist"
  • "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," Breslow said
  • The fintech company had seen its valuation decline dramatically in recent years



  • Quote:

    The CEO of a fintech company defended the dismissal of its human resources team, claiming those employees were responsible for issues that later went away following their departures.

    "We had an HR team, and that HR team was creating problems that didn't exist," Ryan Breslow, the head of Bolt, said at Fortune's Workforce Innovation Summit in Atlanta on Tuesday, May 19, the magazine reported. "Those problems disappeared when I let them go."

    Breslow, who co-founded Bolt in 2014, said that the move, which was part of a 30% reduction of its workforce in April, was to help revive his struggling company.

    "Going forward, Bolt will be operating as a much leaner organization and leveraging AI at our core," Breslow told his employees about the job cuts at the time, Payments Dive reported.


    There you go! "Leveraging AI". The real reason. This "complaining" is just a sham.

    I'm sure this guy's wife complains a lot. I fear for her.

    Quote:

    Bolt, whose valuation was worth $11 billion in 2022, had seen a dramatic decline in its fortunes, Fortune reported. In 2024, the valuation dropped to about $300 million. That same year, Breslow stepped down as Bolt CEO but then returned in 2025.

    BWAHAHAHHAHA. When does the valuation go down to Zero?



    I read this article and immediately thought, "infinity ag" is gonna be so pissed.


    Thank you for not disappointing!
    Sweep4-2
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    Most large companies have operated at the one HR Generalist per 1,000 employees for a while now and are pushing that ratio higher.

    Although it's also common to have HRIT, compensation, Pension/Benefits, M&A, labor law, Industrial Relations and Training that exist in large company HR departments.
    Consistency: It's only a virtue if you're not a screw-up.
    bobbranco
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    AG
    CEO left Bolt in 2022.

    Returned in 2025 to right the failing ship.

    Eliminated unlimited PTO.

    Assessed that the entitlements created by lax HR policies affected the bottom line and employee morale.

    Eliminated a caustic HR dept of unknown size. Now has a People's team of 2.

    Did the CEO cause the decline during his 3 year absence?
    Is the company on track to profitability?
    Are we only getting part of the story?
    Sweep4-2
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    Even at its largest (800 employees) that would be one HR employee or maybe two in almost all US companies.

    Very small company in the grand scheme of things.
    Consistency: It's only a virtue if you're not a screw-up.
    Gilligan
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    AG
    If you think HR is a drain, try implementing Workday.

    Talk about a morale buster.
    DG-Ag
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    AG
    HR herd needs to be culled anyway.
    You're from down South,
    And when you open your mouth,
    You always seem to put your foot there.
    G Martin 87
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    AG
    Gilligan said:

    If you think HR is a drain, try implementing Workday.

    Talk about a morale buster.
    Hate Workday. Almost as much as Tableau and Teradata.
    captkirk
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    AG
    Some of the stuff HR departments handle is value added for the Company, but much of it is nonsense. An easily outsourced department
     
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