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Bitwise Industries faces turmoil and potential eviction amidst leadership changes and funding concerns.

1 min read
Source: KMPH Fox 26
Bitwise Industries faces turmoil and potential eviction amidst leadership changes and funding concerns.
Photo: KMPH Fox 26
TL;DR Summary

Bitwise Industries' Board of Directors has terminated the company's co-CEOs, Jake Soberal and Irma L. Olguin, Jr., effective immediately. The Board has initiated an investigation into what led to the mass furloughs. The announcement was made via email sent by the company's new Interim President, Ollen Douglass to employees and contractors.

Topics:nation#bitwise-industries#board-of-directors#business#co-ceos#investigation#termination
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  1. NEW: Bitwise Industries' Board of Directors announces termination of company's co-CEOs  KMPH Fox 26
  2. Contract between El Paso and Bitwise Industries would have provided over $1M in ARPA funds  cbs4local.com
  3. Bitwise given notice of belief of abandonment  YourCentralValley.com
  4. Bitwise Industries 2 weeks away from being evicted from downtown Fresno buildings  KFSN-TV
  5. What is Bitwise? Explaining the rise and fall of the Fresno-based tech company  KFSN-TV

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