BitGo Slashes Workforce as CEO Bets on AI, Stablecoin and Settlement Growth | Stablecoins Artificial Intelligence (AI)

BitGo is cutting nearly 15% of its workforce as CEO Mike Belshe reallocates resources toward stablecoins, trading, security, settlement services and AI-powered infrastructure. The company’s move reflects a strategic reorientation in response to what Belshe described as shifting needs across financial services and crypto, aiming to strengthen custody and infrastructure offerings. The article highlights that this approach could improve the firm’s execution over the longer term, but it also brings short-term staffing and operational risk. The announcement ties workforce reductions directly to the company’s priority areas, including AI systems and stablecoin-related capabilities, while positioning settlement growth as another central focus. The changes underscore how firms in digital assets are adjusting organizational structures around evolving product and infrastructure demands.