BitGo Cuts 15% of Staff Amid Crypto Industry Layoffs

BitGo Holdings, a crypto infrastructure company, laid off about 15% of its staff on Thursday, citing the need to focus on areas like trading, stablecoins, and artificial intelligence. CEO Mike Belshe announced the layoffs in a post on X, stating that the company needs to 'be sharper, more focused' in order to adapt to changes in the ecosystem.

BitGo did not confirm the exact number of staff affected, but its 2025 annual report revealed it had 603 full-time employees as of December 31, 2025. This would mean around 90 staff were impacted by the layoffs.

Belshe emphasized that this is a 'one-time action' and BitGo does not anticipate further reductions. The company is still hiring for various roles across different regions, with 51 positions available on its job board.