BitGo is cutting about 15 percent of its workforce and reshaping its business capabilities around trading, stablecoins and artificial intelligence. Cointelegraph reported on Thursday that BitGo co-founder and Chief Executive Mike Belshe (마이크 벨시) set out the plan on social media platform X.
Belshe said the job cuts were a difficult decision, but that the crypto ecosystem and the way financial services are built have changed significantly. He identified security, trading, stablecoins, settlement and AI-based infrastructure as key areas.
BitGo did not disclose the exact number affected by the layoffs. Its 2025 annual report released in March said it had 603 full-time employees as of Dec. 31, 2025. Based on that figure, the scale of the cuts is estimated at about 90 people.
Belshe said the layoffs were a one-off measure and that there would be no additional cuts.
BitGo shares closed down 4.67 percent at $4.80 on the day the layoffs were announced. That was about 73 percent below $18 at the time of its listing on Jan. 22.
Chi-gyu Hwang
delight@d-today.co.kr