BitGo Cuts 15% as Crypto AI Shakeup Hits Jobs
BitGo Joins Crypto’s AI Layoff Wave, Slashing Staff by 15%
BitGo has cut its workforce by 15%, adding the crypto custody firm to a growing list of digital asset companies reducing headcount as the industry adjusts to shifting business priorities and a tougher operating environment.
The staff reduction places BitGo within a broader wave of layoffs often linked to companies reassessing costs and reorganizing teams amid increased interest in automation and artificial intelligence across the tech sector. Within crypto, similar moves have become more common as firms seek to streamline operations and focus on core revenue-generating products.
BitGo is best known for its role as an infrastructure provider, offering custody and related services to institutional clients. Changes in staffing at a firm like BitGo can matter beyond its own balance sheet because custody and back-end service providers sit at critical points in the crypto ecosystem, supporting exchanges, funds, and other platforms.
While BitGo has not provided additional details here about which departments were affected or how the company plans to reorganize, the 15% figure underscores the extent of the adjustment and reflects a continuing trend of crypto companies resizing after periods of expansion.
