The crypto custody giant BitGo lays off 15% of its staff! Announces shift to AI infrastructure and stablecoins, but will continue hiring.

Digital asset custodian BitGo announces layoffs of nearly 15% to reallocate resources, focusing headcount on core businesses like stablecoins, settlement, and AI infrastructure.

BitGo Lays Off Nearly 15%, Readjusts Resource Allocation

Digital asset custodian BitGo announced it is cutting nearly 15% of its workforce, becoming the latest example of personnel adjustments in the cryptocurrency industry.

BitGo CEO Mike Belshe stated that this decision is part of the company's resource reallocation, with future efforts concentrated on core businesses such as security services, trading, stablecoins, settlement, and AI infrastructure.

Source: X/@mikebelsheBitGo CEO Mike Belshe stated that this decision is part of the company's resource reallocation

According to BitGo's previously disclosed data, the company had approximately 603 full-time employees as of the end of 2025, with this round of layoffs estimated to affect about 90 people. Belshe said that all affected employees were notified before the announcement, and the company currently has no further layoff plans.

AI and Stablecoins Become the Next Phase Development Focus

BitGo stated that the digital asset industry and financial service models are continuously evolving, and the company hopes to concentrate resources on faster-growing businesses through organizational adjustments, including AI infrastructure, security technology, trading services, stablecoins, and asset settlement.

Despite reducing some headcount, the company has not stopped recruiting. BitGo continues to hire for positions in engineering, compliance, security, sales, finance, and customer service, indicating that this adjustment is primarily a reallocation of personnel rather than a comprehensive downsizing of operations.

Reevaluating Operational Efficiency After Listing

BitGo completed its initial public offering (IPO) this year, becoming one of the few digital asset infrastructure companies to go public. Since listing, the company has continued to expand its custody, stablecoin, and institutional financial services, while also beginning to reexamine its cost structure and operational efficiency.

According to the company's published financial data, first-quarter revenue continued to grow, with digital asset trading and stablecoin-related businesses maintaining expansion, but losses also increased concurrently. Therefore, the company aims to improve operational efficiency through organizational adjustments and allocate more resources to products and technologies with long-term growth potential.

• Related News: 2026's First Crypto IPO: BitGo Surges 36% Then Retreats After Listing, After Raising Over $200 Million

AI Continues to Reshape Headcount Allocation in the Crypto Industry

In recent years, with the rapid development of AI technology, more and more cryptocurrency companies have begun to readjust their workforce allocation, hoping to enhance development efficiency and reduce operational costs through automation tools, while accelerating the speed of new product development.

BitGo's layoffs also reflect that the competitive focus of the cryptocurrency industry is gradually shifting towards technological capability, product innovation, and operational efficiency. Beyond trading and custody services, AI, stablecoins, and on-chain financial infrastructure have become key industries where companies continue to invest.

As the market gradually matures, cryptocurrency companies' strategies regarding headcount allocation, product development, and technology investment may continue to be adjusted to respond to the expansion of AI applications and new demands brought by market competition.

This article was compiled by a crypto agent based on information from various sources, reviewed and edited by Crypto City. It is still in the training phase and may contain logical biases or informational errors. The content is for reference only and should not be considered investment advice.