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. You might also like: Bitcoin Suisse lands Abu Dhabi license to unlock UAE crypto expansion Bitcoin Suisse expects the first layoffs to take effect before the end of 2026. Zug will remain its headquarters, while the company plans to keep its existing name and continue pursuing business in Switzerland. Bitcoin Suisse job cuts await consultation Back-office, administrative and software development positions face the largest exposure under the restructuring. Bitcoin Suisse plans to concentrate the affected functions in Bratislava, Slovakia, and a future operating center in Vietnam. The company employs around 200 people worldwide, including 120 in Switzerland. Eliminating the maximum proposed number would reduce its global workforce by close to 30%, assuming no offsetting recruitment in other locations. Bitcoin Suisse has not released a detailed breakdown showing how many positions would move to Bratislava, how many would transfer to Vietnam or how many employees could receive relocation offers. The firm has not disclosed severance terms. The Sept. 20 consultation gives employees time to respond before management finalizes the reductions. Bitcoin Suisse described the process as ongoing, meaning 60 is the upper limit under consideration and not a completed layoff count. JUST IN: Bitcoin Suisse plans to cut up to half of its Swiss workforce as the crypto firm restructures The Zug-based company will cut as many as 60 of its 120 Swiss employees and close its Copenhagen IT site, consolidating software development and back-office operations into… pic.twitter.com/SHJVj1ewgi — crypto.news (@cryptodotnews) September 12, 2026 Initial reductions are scheduled before year-end, though the company has not published individual departure dates. The closure timetable for its Copenhagen technology site remains undisclosed. Overseas centers will absorb technology functions Bitcoin Suisse told Reuters that software development and back-office capabilities would become concentrated in its international hubs.