BitGo to Lay Off 15% of Workforce, Shifts Focus to Stablecoins and AI Infrastructure

BitGo CEO Mike Belshe announced via X that the company will cut approximately 15% of its staff in a one-time restructuring. Affected employees have been notified directly by their managers and HR. The firm plans to redirect resources toward core areas such as security, trading, stablecoins, settlement, and AI-driven infrastructure to maintain competitiveness. No further layoffs are expected.