BitGo Cuts Nearly 15% Of Staff To Focus On Stablecoins And AI

BitGo is cutting nearly 15% of its workforce as CEO Mike Belshe moves the public crypto custody company toward a narrower set of growth priorities. The reduction affects employees across the business and has been framed by management as a one-time action. Belshe said the financial-services stack around digital assets has changed, forcing BitGo to concentrate people and resources around security, trading, stablecoins, settlement and AI-powered infrastructure. The message was also attached to a BitGo 8-K, putting the restructuring into…