Bitcoin Suisse to cut up to 60 Swiss jobs in overhaul

Bitcoin Suisse has announced plans to cut up to 60 of its 120 positions in Switzerland and close its Copenhagen development site as part of an international reorganization. Summary Up to 60 of Bitcoin Suisse’s 120 Switzerland-based positions could be eliminated. A staff consultation will run until Sep. 20 before the final reductions are decided. Software development and back-office work will be concentrated in international operating hubs. The Copenhagen IT site will close as the company plans another hub in Vietnam. Bitcoin Suisse puts up to 60 Swiss jobs at risk Reuters reported on Sep. 11 that Bitcoin Suisse had confirmed the proposed job cuts after Swiss financial publication Finews first disclosed the reorganization. The reductions could affect half of the company’s workforce in Switzerland, although the final number will depend on a consultation process scheduled to end on Sep. 20. Based in Zug, Bitcoin Suisse employs about 200 people across its global operations, including 120 in Switzerland. The plan would leave its Swiss operation with approximately 60 employees if the company proceeds with the maximum number of cuts. Finews reported that the overhaul forms part of Bitcoin...