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Bolt CEO Axes HR, 30% Staff, Faces $150M Lawsuit

5/22/2026

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Story summary
  • Ryan Breslow, Bolt Financial CEO, dismissed the entire HR department in a 30% staff cut, calling it a purge of a lazy workforce.
  • Bolt Financial’s valuation fell to $300 million in 2025 after dropping from $11 billion in 2022, while it faces a $150 million lawsuit from Authentic Brands Group over a failed Forever 21 integration.
  • Customers say they now receive attention not seen in four years.