Bitcoin Suisse may eliminate as many as 60 positions in Switzerland after a consultation period ending on Sept. 20, according to a post shared by Bitcoin News on X. The company has told employees in Zug that the planned cuts could affect its Swiss workforce, while some back-office and software roles are set to move to its existing center in Bratislava and a new site in Vietnam. Founded in 2013, Bitcoin Suisse has around 200 employees globally and holds more than $3 billion in assets under custody. Majcen said the move is intended to support international expansion by making use of lower-cost locations, and is not a response to market conditions. The first wave of layoffs is expected before the end of the year.
Bitcoin Suisse has told employees in Zug that it may cut up to 60 jobs in Switzerland after a consultation period that runs through Sept. 20, according to a post published by Bitcoin News on X.
Founded in 2013, the company has about 200 employees worldwide and more than $3 billion in assets under custody.
Back-office and software roles are set to be transferred to the company’s existing center in Bratislava and to a new location in Vietnam.
Majcen said the move is meant to support international expansion by taking advantage of lower local costs, not as a response to market conditions. A first round of layoffs is expected before year-end.
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