BitGo layoffs — Jun 26, 2026

BitGo Lays Off 15% of Workforce on June 26, 2026 as Firm Shifts Toward Stablecoins and AI

BitGo has laid off about 15% of its workforce, according to Cointelegraph, as the crypto infrastructure company sharpens its focus on stablecoins and AI-backed infrastructure. The announcement was reported on June 26, 2026.

The company did not disclose the exact number of jobs cut in the source text, but Cointelegraph estimated the reduction at about 90 employees. The reported layoffs affect nearly 15% of BitGo’s staff.

According to the source, BitGo’s CEO Mike Belshe said the company will focus more on “security, trading, stablecoins, settlement, and AI-powered infrastructure.” The move appears to reflect a broader shift in priorities toward products and services tied to crypto market infrastructure and automation.

BitGo is a fintech and crypto infrastructure firm known for providing services related to digital asset custody and settlement. The company’s stated direction suggests it is concentrating resources on core infrastructure areas while expanding into stablecoin and AI-related offerings.

No additional details were provided in the source about severance terms, affected teams, or further restructuring plans.

Sources: Cointelegraph