Bitcoin Suisse plans to reduce its Swiss workforce by as much as half as the cryptocurrency company moves more operations abroad, CoinDesk reported. The restructuring includes the closure of the firm’s IT site in Copenhagen, while its Bratislava operation will remain open. Bitcoin Suisse also plans to establish a new hub in Vietnam. The company is pursuing the changes as part of an effort to lower costs. The report did not provide a precise number of Swiss positions affected or a timetable for the workforce reductions. The planned shift represents a reorganisation of the company’s international operating footprint, with technology and other work distributed across existing and new locations. For the crypto market, the changes are company-specific and do not by themselves indicate a change in Bitcoin’s market outlook.
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CoinDesk
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