Jason Titman (pictured) is being replaced as Swyftx’s chief executive officer. Image: Swyftx

Brisbane-based cryptocurrency exchange Swyftx has laid off some 15 per cent of its workforce and replaced its chief executive after the company landed two major acquisitions during a period of Bitcoin decline.

On Thursday, Swyftx announced company cofounder Alex Harper and chief financial officer Andrea Yuen would replace former head Jason Titman under new acting co-chief executive roles.

Following the change in leadership, Nine reported nearly 20 per cent of Swyftx’s workforce had also been laid off.

Speaking with Information Age, a spokesperson emphasised this figure was closer to 15 per cent, and that the cuts were part…