BitGo cuts 15% of staff to sharpen focus on AI, stablecoins
CoinTelegraph·
60-second summary
BitGo is cutting 15% of its staff to sharpen focus on AI and stablecoins, a move described by co-founder and CEO Mike Belshe as a "one-time action" with no plans for further layoffs. The decision aims to streamline operations and allocate resources more efficiently, with Belshe emphasizing the company's commitment to its core goals and future growth prospects.
BitGo co-founder and CEO Mike Belshe says the layoffs are “a one-time action” and the company doesn’t see the need for further staff reductions.