Bitcoin Suisse to cut up to 60 Swiss positions in overseas restructuring

  • Bitcoin Suisse plans to cut up to half of its Zug workforce.
  • Employees began a mandatory 10-day consultation after a Sept. 11 town hall.
  • Bitcoin Suisse will retain its Zug headquarters and Swiss client-facing teams.

Bitcoin Suisse plans to cut up to half of its Zug workforce, or as many as 60 of its 120 Swiss jobs, as it relocates administrative, back-office and software development work to lower-cost centers in Bratislava and Vietnam. Employees were informed at a Sept. 11 town hall, followed by a mandatory 10-day consultation, with initial layoffs due before year-end. The company will retain its Zug headquarters, corporate name and Swiss client-facing teams while pursuing international wealth and asset-management growth. Chief Executive and co-founder Andrej Majcen said the restructuring reflects a long-term strategy rather than cryptocurrency market conditions. Bitcoin Suisse has expanded from trading and custody into staking and lending, supported by regulatory approvals in Liechtenstein, Bermuda and Abu Dhabi.

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