BitGo Cuts 15% of Workforce (About 90 Employees) to Refocus on AI and Stablecoins

According to Cointelegraph, BitGo Holdings announced on Thursday a 15% layoff affecting roughly 90 employees out of its 603-person workforce as of end-2025. CEO Mike Belshe stated the restructuring aims to concentrate resources on core infrastructure areas including security, trading, stablecoins, settlement, and AI-driven platforms. Belshe called it a "one-time adjustment" with no further job cuts anticipated.

BitGo stock (BTGO) fell 4.67% to $4.80 on Thursday, extending its decline to nearly 73% below the $18 IPO price from January 2026.

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