BitGo cuts 15% of staff, pivots focus to AI and stablecoins

Crypto custody and infrastructure firm BitGo laid off about 15% of its workforce (roughly 90 staff) as CEO Mike Belshe said the company is refocusing on security, trading, stablecoins, settlement, and AI-powered infrastructure.

• BitGo cut ~15% of staff, affecting about 90 employees based on its 2025 headcount of 603
• CEO Mike Belshe called it a 'one-time action' and said no further reductions are planned
• The layoffs are part of a broader trend: over 5,000 crypto jobs cut in 2026 so far
• BitGo shares closed down 4.67% on the day, down ~73% from their January debut at $18

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