Bolt CEO fires HR team, EEOC chair defends NYT lawsuit at Fortune summit

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Bolt CEO fires HR team, EEOC chair defends NYT lawsuit at Fortune summit



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. 

Breslow’s HR views weren’t the only hot-button topics at our summit. We also heard from Andrea Lucas, chair of the Equal Employment Opportunity Commission, who defended her agency’s lawsuit against The New York Times, alleging the paper illegally discriminated against a white male editor who was passed over for a promotion in favor of a less-qualified candidate.

I asked whether the lawsuit was politically motivated, given recent Times’ reporting that EEOC employees felt pressure to pursue politically charged cases, even with little evidence. Lucas said she believes in the merit of all cases she advances.

“Civil rights should be for everyone, and we’re broadening that aperture,” Lucas told me. “But we are going to advance the president’s priorities because that’s completely appropriate as part of the administration.” You can watch our full conversation here.  

Beyond those headline-making moments, this year’s Fortune Workplace Innovation Summit focused heavily on AI and workplace transformation. One McKinsey partner predicted that AI could reshape up to 50% of work hours within five years. Workplace culture also remained front and center, with conversations ranging from four-day workweeks to the organizational challenges that pay transparency is exposing.

You can find our full event coverage here. We’ll continue rolling out more conversations and insights in the weeks ahead.

Kristin Stoller
Editorial Director, Fortune Live Media
kristin.stoller@fortune.com

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