Bitcoin Suisse to Cut Up to Half Its Swiss Jobs in Overseas Shift

In brief

• Bitcoin Suisse plans to relocate up to half its Zug headquarters jobs abroad—as many as 60 positions, mostly back-office and administrative roles—to Bratislava or Vietnam, with the first layoffs taking effect before year's end.
• CEO Andrej Majcen said the shift reflects a strategic pivot toward serving wealthy clients, family offices and institutions with services beyond crypto, backed by new licenses in Liechtenstein, Bermuda and Abu Dhabi.
• Majcen said the move is cost-driven, not tied to the crypto downturn, and that Zug will remain headquarters with the name unchanged.

Bitcoin Suisse, one of the pioneers of Switzerland's Crypto Valley, is preparing to relocate up to half of the jobs at its Zug headquarters abroad as it pivots from a Swiss crypto specialist into a global wealth manager.

According to an interview with Finews, the company will move as many as 60 positions overseas, with back-office and administrative roles hit hardest. Those functions are set to shift to Bratislava, Slovakia, or to Vietnam, where the firm plans to build out a new location in the coming years.

Bitcoin Suisse employees were briefed at a town hall Friday morning, and the exact number of cuts will be finalized after a 10-day consultation, though Bitcoin Suisse told Finews the first layoffs will take effect before year's end.