Cryptocurrency infrastructure company BitGo lays off about 15% of its staff, shifting its focus to AI and stablecoins

According to Cointelegraph, cryptocurrency infrastructure company BitGo Holdings announced layoffs of about 15%. BitGo co-founder and CEO Mike Belshe stated that this move aims to optimize team structure and focus resources on core areas such as security, trading, stablecoins, settlement, and AI-driven infrastructure.

According to data disclosed in BitGo's annual report (with a total of 603 full-time employees by the end of 2025), this round of layoffs may involve about 90 people. Belshe described this as a "one-time adjustment" and does not expect further job cuts in the future. Affected by related news and the overall downturn in the cryptocurrency market, BitGo's stock price (BTGO) fell 4.67% to $4.80 on Thursday, down nearly 73% from its issuance price of $18 when it went public in January this year.