Suisse Bitcoin Cuts Up to 60 Jobs Amid International Restructuring
Bitcoin Suisse is restructuring its operations to become an international financial services group. The company has announced plans to cut up to 60 of its 120 positions in Switzerland and close its Copenhagen development site as part of this overhaul.
The reductions could affect half of the company's workforce in Switzerland, although the final number will depend on a consultation process scheduled to end on September 20th. Bitcoin Suisse employs approximately 200 people across its global operations, including 120 in Switzerland.
As part of the new structure, Bitcoin Suisse will concentrate more of its software development and administrative functions outside Switzerland. The company said this model would help it access a broader range of workers and direct its investment towards future products.