BitGo Joins Crypto's AI Layoff Wave, Slashing Staff by 15%
Decrypt·
60-second summary
BitGo is joining the crypto industry's AI layoff wave, slashing nearly 15% of its workforce as it pivots to focus on stablecoins and AI infrastructure. The newly public crypto custodian is undergoing significant restructuring efforts, affecting approximately 100 employees. This move reflects the industry's shift towards AI-driven services and stablecoins, with market implications for crypto custodians and their clients.
The newly public crypto custodian is slashing nearly 15% of its workforce as it pivots to focus on stablecoins and AI infrastructure.