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A federal bankruptcy judge has approved the terms of a $20 million settlement that will benefit former Bitwise Industries employees who abruptly lost their jobs when the Fresno-based technology ...
Nearly 900 Bitwise employees, including almost 400 in the greater Fresno area, lost their jobs with the abrupt furlough announcement. For many, the final paychecks issued to them bounced.
Bitwise Industries was an American company focused on computer programming instruction, technology sales, and real estate operations. Founded in 2013 by Irma Olguin Jr. and Jake Soberal in Fresno , the company grew to have campuses in additional cities before furloughing its workforce and terminating the co-CEOs in June 2023.
Bitwise’s investors, employees and others believed in the vision of reaching underserved individuals and communities, Dyer said. Bitwise employees will suffer the most in tech company bankruptcy ...
Employee benefits in the United States include relocation assistance; medical, prescription, vision and dental plans; health and dependent care flexible spending accounts; retirement benefit plans (pension, 401(k), 403(b)); group term life insurance and accidental death and dismemberment insurance plans; income protection plans (also known as ...
EBSA is led by the Assistant Secretary of Labor for Employee Benefits Security, a Sub-Cabinet-level position requiring nomination by the President of the United States and confirmation by the United States Senate. The office is currently held by Lisa Gomez, who was sworn in as Assistant Secretary on October 11, 2022.
Bitwise and its leadership have also been hit by a raft of lawsuits alleging violations of state and federal labor laws for failing to give employees a required 60-day notice before the furloughs ...
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