BitGo layoffs — Apr 20, 2020

BitGo cuts 12% of staff in company-wide restructure on April 20, 2020

BitGo, a cryptocurrency wallet company, cut 12% of its workforce in a company-wide reorganization announced on April 20, 2020. The number of jobs eliminated was not disclosed.

The company said the move was part of a restructure. No additional details about the layoffs were provided in the source material.

BitGo is known for providing wallet and custody services in the crypto industry. The staff reduction comes as the company adjusts its organization, though the source does not include further information on the scope of the changes or any specific business units affected.

No direct quotes from company officials were included in the source text. The source also did not provide a forward-looking timeline or additional commentary on what the restructure means for BitGo’s operations going forward.

Sources: Google News