BitGo cuts 15% of staff to sharpen focus on AI, stablecoins
BitGo cut about 15% of its workforce, in a one-time layoff aimed at sharpening the company’s focus on security, trading, stablecoins, settlement, and AI-powered infrastructure. CEO Mike Belshe said the crypto ecosystem has changed and the firm needs to concentrate resources on the areas that matter most. The company did not confirm the exact number affected, but its March report listed 603 full-time employees at the end of 2025, implying roughly 90 jobs may have been eliminated. BitGo said it does not expect further reductions and is still hiring for 51 roles. The cuts add to a wave of crypto-industry layoffs in 2026, driven by cost-cutting, AI adoption, and a weak market. BitGo shares fell about 4.7% on Thursday and are down sharply from their debut price.
