Bitcoin Suisse to Cut Up to 60 Jobs, Shift to Bratislava and Vietnam — SkimNews
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- Bitcoin Suisse plans to relocate up to half of its Zug headquarters jobs abroad, affecting as many as 60 positions concentrated in back-office and administrative roles, with employees briefed at a Friday town hall and the first layoffs taking effect before year's end after a 10-day consultation.
- Bitcoin Suisse will shift the displaced roles to Bratislava, Slovakia or to a new Vietnamese location it plans to build out over the coming years, with CEO Andrej Majcen telling Finews the same services can be delivered far more cheaply there.
- Majcen framed the move as a strategic pivot away from a Switzerland-only focus toward serving wealthy private clients, family offices and institutional investors with wealth and asset-management services that extend beyond crypto.
- Bitcoin Suisse has been laying the regulatory groundwork for that international push, securing a MiCAR license in Liechtenstein, digital-asset and investment licenses in Bermuda, and full approval from Abu Dhabi's regulator over the summer.
- Majcen said the relocation is cost-driven and not tied to the current crypto downturn, which he said the firm has ample cushion to weather, while confirming Zug will remain headquarters under the unchanged Bitcoin Suisse name and that the company remains open to Swiss acquisitions.
Why it matters: Up to 60 jobs at one of Crypto Valley's original firms are being moved out of Switzerland before year-end because back-office functions are cheaper in Bratislava or Vietnam — a concrete cost arbitrage that also doubles as Bitcoin Suisse's gateway into new jurisdictions (Liechtenstein, Bermuda, Abu Dhabi) where it's now licensed to court wealth-management clients beyond crypto.
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