BitGo Lays off 15% of Staff in Stablecoin, AI Focus

Crypto infrastructure company BitGo Holdings laid off about 15% of its staff on Thursday. BitGo co-founder and CEO Mike Belshe posted on X: "Today I'm sharing a hard decision: we are reducing our workforce by nearly 15%," and said the ecosystem has evolved and the way the company builds financial services has changed.

He added the firm must "be sharper, more focused, and concentrate our people and energy on the areas that matter most: security, trading, stablecoins, settlement, and AI-powered infrastructure." BitGo did not confirm the number of staff affected. Its 2025 annual report published in March disclosed it had 603 full-time employees as of Dec.

31, 2025, meaning the layoffs could have impacted about 90 staff. Belshe described the cuts as "a one-time action" and said BitGo does not "anticipate further reductions." The company is still hiring for 51 roles across various regions on its job board. Shares in BitGo (BTGO) closed Thursday down 4.67% at $4.80, extending a nearly 73% slide from its public debut at $18 on Jan.

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