BitGo Slashes 15% of Staff Amid Crypto Industry Layoffs

BitGo Holdings has laid off about 15% of its staff in a move to sharpen focus on key areas, including trading, stablecoins, and AI-powered infrastructure.

The company's CEO, Mike Belshe, announced the decision via X, citing a need for greater efficiency in the evolving crypto landscape.

'The ecosystem has evolved, and the way we build financial services has changed dramatically,' Belshe stated.

BitGo is still hiring for 51 roles across various regions, despite the layoffs, which could have impacted around 90 staff based on its 2025 annual report.