FRESNO, Calif. (KSEE/KGPE) – From limbo to layoffs, Bitwise employees have been waiting for two and a half weeks to see what would happen after being furloughed and on Wednesday, fear turned into reality as employees woke up to an email with an official termination.
“Obviously they victimized a lot of people within their company, they victimized a lot of investors so, what they did, they’re very good at it and that was disguising, what Bitwise was all about and their financial hardships,” said Fresno Mayor Jerry Dyer.
This email coming out Wednesday and sent to all Bitwise employees reads in part, “We regret to inform you that your position will be eliminated Wednesday, June 14, 2023. This is a permanent job elimination.”
The email goes on to say all Fresno and nationwide locations will be permanently closed. Mayor Dyer stressing all of this could have been prevented.
“Had we been given the proper 60-day notice we would have immediately put forth the effort to host a job fair. I’m very confident that those 400 employees at Bitwise would be employed at this time,” said Mayor Dyer.
The email was pushed out by the former Bitwise board member and newly appointed interim president of Bitwise Ollen Douglas.
Attorney at law Roger Bonakdar, who is representing employees in one of the suits, says the email included threats to workers of what they could and could not do.
“Now they’re adding on these bogus threats and...
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