BitGo cuts 15% of staff to sharpen focus on AI, stablecoins
Summary
BitGo laid off nearly 15% of its workforce as CEO Mike Belshe said the company is narrowing its focus on security, trading, stablecoins, settlement, and AI-powered infrastructure. He described the move as a one-time action and said no further cuts are expected. BitGo is still hiring for 51 roles, but the layoffs come amid a broader crypto industry downturn and cost-cutting wave in 2026, with more than 5,000 crypto jobs lost this year. BitGo’s stock fell more than 4% after the announcement and has dropped sharply since its January public debut.
