BitGo cuts 15% of staff, shifts focus to AI and crypto services

BitGo cut nearly 15% of staff to focus on security, trading, stablecoins, settlement, and AI infrastructure, calling it a one-time action with no further layoffs planned.

BitGo Holdings has announced a workforce reduction of nearly 15% as it sharpens its focus on security, trading, stablecoins, settlement, and AI-powered infrastructure. CEO Mike Belshe described the move as a one-time action, citing evolving conditions in the crypto ecosystem. This decision follows BitGo's public listing in January 2026. Despite reporting strong revenue growth, the company also experienced widening net losses, mainly due to non-cash impacts on its bitcoin treasury and IPO-related stock compensation. BitGo plans to concentrate its resources on higher-value institutional crypto services and does not anticipate further layoffs. This restructuring aligns with a broader trend in the crypto sector, where firms are pivoting toward AI-driven operations and streamlining their workforce to adapt to industry changes.