Bitcoin Suisse Cuts Up to Half Its Swiss Workforce in Major Crypto Restructure

Bitcoin Suisse is preparing to cut up to half of its Swiss workforce, marking one of the biggest restructurings yet for the Zug-based crypto firm.

The company could eliminate as many as 60 of its 120 jobs in Switzerland, with an employee consultation period running through Sept. 20. Bitcoin Suisse is also closing its Copenhagen IT development site and shifting more software and back-office work to international hubs.

Bitcoin Suisse said the move is designed to let it scale faster, access broader talent pools and concentrate investment on future products. The company currently employs roughly 200 people globally.

More Jobs Shift Outside Switzerland

Founded in 2013, Bitcoin Suisse became one of the early anchors of Switzerland’s Crypto Valley, offering custody, trading, staking and institutional digital-asset services.

The company already operates outside Switzerland through offices in Liechtenstein, Abu Dhabi and Bermuda, while Bratislava serves as an international hub and another hub is planned in Vietnam.

That makes the restructuring less of a retreat from crypto and more of a geographic shift in where Bitcoin Suisse wants its staff located.

Crypto Valley Is Still Attracting Capital

The cuts come despite continued investment across Switzerland’s broader crypto ecosystem.