Reuters reported that Swiss crypto company Bitcoin Suisse plans to cut up to 60 positions from its 120 employees in Switzerland as it restructures its business. The company said software development and back-office functions will be gradually consolidated into international hubs. It said the move is intended to speed up expansion, access a broader talent pool, and invest more efficiently in future products. The layoffs are set to take effect after a consultation period ends on Sept. 20. Bitcoin Suisse is also closing its IT development site in Copenhagen. The reported changes cover both staffing and operational structure, with the company tying the plan to its next stage of growth and product investment.
Swiss crypto company Bitcoin Suisse plans to cut up to 60 jobs from its 120 employees in Switzerland as part of a business restructuring, according to Reuters.
The company said software development and back-office functions will be gradually consolidated into international hubs. It said the change is aimed at accelerating expansion, reaching a broader talent pool, and investing more efficiently in future products.
The layoffs will take effect after the consultation period ends on Sept. 20. The company is also shutting down its IT development site in Copenhagen.
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