BitGo announces nearly 15% layoffs, focusing on core businesses such as stablecoins and AI infrastructure

CoinFeed June 26 news, BitGo CEO Mike Belshe announced on X platform that the company is laying off nearly 15% of its workforce, with affected employees directly notified by their immediate supervisors and HR. Belshe stated that the crypto ecosystem has undergone profound changes and the way financial services are built has evolved significantly. To remain competitive, the company needs to focus its personnel and resources more on core areas such as security, trading, stablecoins, settlement, and AI-driven infrastructure, making BitGo's operations more focused. Belshe emphasized that this is a one-time adjustment and does not expect further layoff plans, and expressed gratitude for the contributions of departing employees.