US-based fintech company Bolt recently eliminated its entire HR department as part of a wider round of layoffs. Now, co-founder and CEO Ryan Breslow has defended the decision, saying the move was necessary for the company's turnaround and claiming the HR team was creating problems that did not exist.

US-based fintech company Bolt recently eliminated its entire HR department as part of a wider round of layoffs. Now, co-founder and CEO Ryan Breslow has defended the decision, saying the move was necessary for the company's turnaround and claiming the HR team was creating problems that did not exist.