BitGo Slashes Workforce as CEO Bets on AI, Stablecoin and Settlement Growth
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BitGo is cutting nearly 15% of its workforce as it reallocates resources toward stablecoins, trading, security, settlement services and AI-powered infrastructure. CEO Mike Belshe said shifts in financial services and crypto require a more deliberate focus, a strategic reorientation that may strengthen its custody and infrastructure offerings but introduces short-term execution and staffing risk.
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Digital asset infrastructure company BitGo is reducing its workforce by nearly 15% as it shifts its focus toward stablecoins, trading, security, settlement services, and AI-powered infrastructure.
BitGo co-founder and CEO Mike Belshe said the company made the decision because the financial services and crypto sectors have changed significantly, requiring the firm to become more focused and “deliberate” in how it operates.
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