Like a crumbling building, Fresno’s Bitwise Industries rapidly falls apart | Opinion
The rapid crash of Bitwise, Fresno’s once high-flying tech company, is the subject of this opinion cartoon by SW Parra.
On Memorial Day the company furloughed all 900 of its employees. The co-CEOs, once seen as rock stars in Fresno’s economy, have been fired. A breach-of-contract lawsuit has been filed, as has a class-action lawsuit on behalf of the out-of-work employees. City officials are trying to claw back some of a $1 million grant that was awarded to Bitwise for creation of a “Digital Empowerment Center” and training programs aimed to help small business owners.