ME News reports that on September 11 (UTC+8), Swiss crypto financial services provider Bitcoin Suisse announced on Friday that it will reduce its workforce in Switzerland by up to 60 employees, nearly half of its 120 Swiss staff, as part of a business restructuring. The Zug-based company stated that software development and back-office functions will be gradually consolidated into its international hubs to enable faster expansion, access to a broader talent pool, and more efficient investment in future business. The layoffs will take effect after a consultation period ending on September 20, and the company confirmed it will shut down its IT development office in Copenhagen. (Source: Foresight News)
Bitcoin Suisse to Cut Nearly Half of Its Swiss Workforce
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Summary
Bitcoin breaking news: On September 11, Bitcoin Suisse announced it will eliminate up to 60 positions in Switzerland, nearly half of its 120 Swiss employees. The company cited restructuring as it relocates software development and back-office functions to its international hub, aiming to accelerate expansion and attract broader talent. The consultation period ends on September 20, and the Copenhagen IT site will shut down. Bitcoin news reports the firm is streamlining operations in preparation for future growth.
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