BitGo cuts 15% of staff to sharpen focus on AI, stablecoins
BitGo, a crypto infrastructure company, has laid off 15% of its staff to focus on areas such as trading, stablecoins, and artificial intelligence. The layoffs are part of a larger trend in the crypto industry, with many companies citing efficiency gains from AI and a wide crypto market slump as the reason for the cuts. The company's CEO, Mike Belshe, stated that the layoffs are a one-time action and BitGo does not anticipate further reductions.
- ▪BitGo laid off 15% of its staff, which could be around 90 employees based on its 2025 annual report.
- ▪The company is focusing on areas including trading, stablecoins, and artificial intelligence.
- ▪The layoffs are part of a larger trend in the crypto industry, with over 5,000 jobs cut so far this year.
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Written by Jesse Coghlanstaff editorReviewed by Felix Ngstaff editorWritten by Jesse Coghlanstaff editorReviewed by Felix Ngstaff editorBitGo cuts 15% of staff to sharpen focus on AI, stablecoinsLatest NewsPublishedJun 26, 2026BitGo co-founder and CEO Mike Belshe says the layoffs are “a one-time action” and the company doesn’t see the need for further staff reductions.Crypto infrastructure company BitGo Holdings laid off about 15% of its staff on Thursday as its CEO pledged to focus the company on areas including trading, stablecoins and artificial intelligence.“Today I'm sharing a hard decision: we are reducing our workforce by nearly 15%,” BitGo co-founder and CEO Mike Belshe posted to X on Thursday.
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