BitGo Cuts 15% of Staff as Focus Shifts to Stablecoins and AI Infrastructure

BitGo is reducing its workforce by nearly 15%, according to Decrypt, as the newly public crypto custodian shifts its focus toward stablecoins and AI infrastructure.

The move matters because it shows how major crypto companies are reassessing staffing and product priorities around two of the sector’s most active themes: stablecoin services and artificial intelligence. For readers tracking the industry, the cuts point to continued pressure on firms to allocate capital and talent toward areas they see as strategically important.

BitGo is best known as a crypto custodian, a role that involves safeguarding digital assets for clients. Its decision to trim staff while emphasizing stablecoins and AI infrastructure suggests the company is narrowing its attention around business lines it expects to matter more in the next phase of crypto adoption.

The layoffs also place BitGo within a broader wave of crypto workforce reductions tied to AI-driven restructuring. Decrypt described the move as part of crypto’s “AI layoff wave,” reflecting how companies are changing their teams as automation and AI infrastructure become more central to their plans.

The source did not provide additional details on which departments were affected or the exact number of employees impacted. For now, the key development is that BitGo, newly public and operating in the custody sector, is cutting nearly 15% of staff while pivoting toward stablecoins and AI infrastructure.