Bitcoin Suisse is planning to eliminate up to 60 of its 120 Swiss-based roles, about half of its Zug headquarters workforce, and close its Copenhagen development site as it consolidates software development, back-office and administrative functions in lower-cost international hubs, according to Finews and Reuters reports.
Employees were informed at a town hall meeting on Friday, and a consultation period is scheduled to run through Sept. 20 before the final number of cuts is determined. The first layoffs are expected to take effect before the end of 2026. The company employs about 200 people worldwide, so eliminating the maximum proposed number would reduce its global workforce by close to 30 percent, assuming no offsetting recruitment elsewhere.
Chief Executive and co-founder Andrej Majcen said the restructuring is primarily cost-driven, noting that comparable services can be delivered at a significantly lower cost in Bratislava, Slovakia, and a planned Vietnam operating hub. He stressed that the decision is not tied to the current crypto downturn and that the firm has a substantial cushion to weather the period. Zug will remain the headquarters, the Bitcoin Suisse name will be retained, and the company will continue pursuing business in Switzerland.
The restructuring comes as Bitcoin Suisse positions itself as a global wealth manager serving wealthy private clients, family offices and institutional investors with services extending beyond crypto. The company has expanded its regulatory footprint in 2026, securing a MiCAR license in Liechtenstein, digital-asset and investment licenses in Bermuda, and full approval from Abu Dhabi's financial regulator.
