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.
| Bitcoin Suisse restructuring | Latest plan |
|---|---|
| Swiss workforce | ~120 |
| Jobs potentially cut | Up to 60 |
| Possible Swiss reduction | Up to 50% |
| Global workforce | ~200 |
| Copenhagen tech site | Closing |
| Consultation ends | Sept. 20 |
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.
Crypto Valley companies raised $728 million across 31 blockchain deals in 2025, up 37% from $531 million a year earlier. The region accounted for roughly 47% of European blockchain venture funding, although one $400 million TON transaction made up more than half of the total.
That Crypto Valley funding backdrop makes Bitcoin Suisse’s decision more notable: capital is still entering Swiss crypto, but local employment is not necessarily growing alongside it.
The restructuring also reflects a broader industry pattern in which crypto companies consolidate expensive engineering and support functions while continuing to expand internationally.
Bitcoin Suisse has not described the layoffs as a response to financial distress. Instead, it is presenting them as part of a wider operating-model overhaul.
For Switzerland’s crypto sector, the message is mixed. Crypto Valley remains a major European hub for blockchain funding and regulated digital-asset services, but even established firms are becoming more selective about where they place staff and technology operations.
