Bitgo Streamlines Workforce by 15% to Emphasize AI and Stablecoins

WHO:

NewsBTC - BitGo, a digital asset custodian, is involved in the workforce reduction.

Cointelegraph - Mike Belshe is the co-founder and CEO of BitGo.

WHAT:

NewsBTC - BitGo reduced its workforce by about 15%.

Cointelegraph - The layoffs are described as “a one-time action” by CEO Mike Belshe.

WHY:

NewsBTC - The workforce reduction is part of BitGo's shift in focus toward stablecoins, settlement, and AI infrastructure.

Cointelegraph - The company does not foresee the need for further staff reductions.

(UPDATED June 26, 2026 15:46 UTC)

BitGo, a digital asset custodian co-founded by CEO Mike Belshe, has announced a workforce reduction of about 15%. Belshe described the layoffs as “a one-time action” as the company shifts its focus toward stablecoins, settlement, and AI infrastructure. BitGo does not anticipate any further staff reductions in the near future.