Bitcoin Suisse may cut 60 Swiss jobs in overhaul

Bitcoin Suisse has proposed cutting up to 60 of its 120 Swiss jobs and closing its Copenhagen development site as it consolidates technology and administrative work in overseas operating centers. Summary Up to 60 of Bitcoin Suisse’s 120 Swiss roles could be eliminated after consultation ends. The consultation runs through September 20 before Bitcoin Suisse decides the final number of cuts. Software development and administrative functions will move toward Bratislava and a planned Vietnam operating hub. Bitcoin Suisse will close its Copenhagen development site while retaining Zug as its headquarters location. Regulatory approvals in Liechtenstein, Bermuda and Abu Dhabi support the company’s planned international expansion strategy. Reuters reported on Sept. 11 that the final number of affected roles will be determined after a staff consultation ending Sept. 20. The proposed reductions could remove half of the company’s Swiss workforce. Employees at its Zug headquarters received details during a town hall meeting, according to Swiss financial publication Finews. Bitcoin Suisse expects the first layoffs to take effect before the end of 2026. Zug will remain its headquarters, while the...