Four years ago, Ryan Breslow was on the cover of Forbes magazine after his $11bn fintech start-up, Bolt Financial, made him one of the world’s youngest billionaires.
Bolt’s value has since crashed and the 30-something Breslow is now shedding staff with a vigour that is bracing even for Silicon Valley.
“We had an HR team, and that HR team was creating problems that didn’t exist, and those problems disappeared when I let them go,” he told a recent Fortune conference in Atlanta.
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