BitGo (BTGO) announced Thursday night that it is cutting 15% of its workforce. The company’s CEO Michael Belshe said on X: “Today I’m sharing a hard decision: we are reducing our workforce by nearly 15%. I want to be straight with you about why. The ecosystem has evolved, and the way we build financial services has changed dramatically. To keep winning for our clients, we need to be sharper, more focused, and concentrate our people and energy on the areas that matter most: security, trading, stablecoins, settlement, and AI-powered infrastructure. Getting there means making BitGo more deliberate than it is today…We have a clear, strong path forward, and this is a one-time action. We don’t anticipate further reductions. I wouldn’t make this call if I didn’t believe deeply in our future. Let’s go build it.”
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