The crypto custody firm reduces headcount to refocus on security, trading, and AI-driven infrastructure amid industry shifts.
BitGo will lay off nearly 15% of its workforce, affecting employees across the company. CEO Mike Belshe stated the cuts are necessary to concentrate resources on core areas such as stablecoins, settlement, and AI infrastructure as financial services evolve.
The move follows broader industry consolidation and shifting priorities in digital asset markets. BitGo notified affected employees directly, describing the layoffs as a one-time action with no further reductions expected.
The company aims to strengthen its position in security and trading while adapting to changes in the crypto ecosystem.