The Bolt CEO Is Living Michael Scott’s Dream—Data Warns It Could End Up Costing Him Millions

The fintech founder sparked backlash by claiming HR creates ‘problems that don’t exist.’ But stripping away organizational guardrails during a crisis is rarely a winning strategy.

BY KAYLA WEBSTER, STAFF EDITOR

Steve Carell as Michael Scott. Photo: Chris Haston/NBCU Photo Bank

Bolt CEO Ryan Breslow did what Michael Scott always dreamed of doing at Dunder Mifflin—he got rid of human resources. But Breslow may come to regret that decision, even if Toby is the worst.

Around 30 percent of Bolt’s staff lost their jobs........

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