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When Bitwise Industries collapsed, it took down hundreds of workers from across the nation with it.
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Soon, the dream the company was selling began to unravel.
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Bitwise Industries seemed to be a blooming hub for innovation in Fresno and the Central Valley. When the company crashed earlier this year, it left a void in the community. Former employees are taking the future of the industry in the Valley into their own hands.
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At its inception, Bitwise Industries aimed to remove barriers into the technology space. It went after underserved cities, hired hundreds of people and promised to create thousands of jobs. But the company gambled on its dreams and quickly ran out of time.
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“They used lie after lie," prosecutors argued as the co-founders were set to appear in court.
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Bitwise Industries filed for Chapter 7 bankruptcy this week.
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Bitwise Industries continues to face repercussions after it suddenly shuttered operations last month. According to some reports, the tech company is now being investigated at the federal level.
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Bitwise employees nationwide were officially terminated earlier this week. The city of Fresno is lending a hand to local workers.
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Earlier this month, Bitwise Industries shocked the community after it furloughed all of its employees nationwide. Now, workers in the Fresno area are suing.
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Are you a San Joaquin Valley Bitwise employee who was furloughed? Here are some resources that may help you.