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Bitwise Industries permanently lays off workers, including those in Greeley

GREELEY — Bitwise Industries Inc., a California-based software and training company that had planned to enter the Greeley market and was remodeling space downtown, has given notice to the state Department of Labor and Employment that it plans to lay off its workers.

Company operations were suspended May 30 when investors seized control of the company as it became financially overextended. 

Bitwise was planning to move into offices at 810 Ninth St., Suites 150 and 200, in downtown Greeley but had not completed construction work in the facility. The landlord reported to BizWest that rent had not been paid for April, May or June.

The notice to the CDLE, dated June 14, said the company was complying with the federal Worker Adjustment and Retraining Notification Act, or WARN, and giving notice of the layoff of 625 employees, including 13 in Colorado. It listed “unforeseeable business circumstances and other reasons” for the layoffs.

In the Boulder Valley and Northern Colorado, it listed positions in Boulder, Broomfield, Greeley, Windsor and Larimer County, including the director of Bitwise Industries Greeley, the community outreach coordinator for Greeley, delivery manager and developers.

Separation is permanent, the company said.

The notice was signed by Ollen Douglass, interim president, who leads one of the companies that invested in Bitwise.

Source: BizWest