In brief
Crypto custody and infrastructure firm BitGo is cutting nearly 15% of its staff, CEO Mike Belshe said Thursday, calling it a "one-time" move.
Belshe framed the cuts as a refocusing on security, trading, stablecoins, settlement, and "AI-powered infrastructure."
BitGo is the latest crypto company to trim its headcount in 2026, joining Coinbase, Block, and Robinhood in a wave of cuts tied to AI and a market downturn.
BitGo has joined the growing ranks of crypto firms slashing staff numbers as part of a pivot to AI.The crypto custody and infrastructure company is cutting nearly 15% of its workforce, co-founder and CEO Mike Belshe said Thursday in a tweet that BitGo also filed with the U.S. Securities and Exchange Commission.
