Employment Law

“Needed to Happen”: Bolt CEO Defends Decision to Scrap HR Team in 2025

Multiple employees with cardboard boxes in their hands. (Photo: MarketWatch / Google Images)

Did Bolt Eliminate Its Entire HR Team?

Yes. Bolt recently confirmed and defended its decision to eliminate its entire HR team during sweeping job cuts in 2025.

“We did get rid of our HR team. It needed to happen,” CEO Ryan Breslow said in a LinkedIn post — responding to his comments at Fortune’s Workforce Innovation Summit on May 20, 2026.

“Anyone who loves creating problems vs solving problems has no role at a startup.”

Currently, the cryptocurrency company’s  “People Operations” unit is overseeing required training and serving as a resource for employees.

More Bolt Layoff Coverage

For a full overview of layoffs at Bolt and the rights that non-unionized employees in Canada have in this situation, see our Bolt Layoffs & Severance Guide.

Lost Your Job at Bolt?

Getting your severance offer reviewed before signing will ensure you aren't forfeiting any compensation.

Contact an Employment Lawyer

Disclaimer: The materials above are provided as general information about the rights of non-unionized employees in Canada. It is not specific to any one company and SHOULD NOT be read as suggesting any improper conduct on the part of any specific employer, or a relationship between Samfiru Tumarkin LLP and a specific employer.

About the Author

Canadian employment lawyer Lior Samfiru, co-founding partner at Samfiru Tumarkin LLP

Lior Samfiru

National Co-Managing Partner

Lior Samfiru is a Founding Partner at Samfiru Tumarkin LLP and the Practice Leader of the firm’s Labour & Employment Law Group. Known for his advocacy and success representing both employees and employers, Lior exclusively serves clients in Ontario, where his extensive experience has made him one of Canada’s most sought-after employment lawyers.

More about Lior Samfiru

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