High confidence Jun 25, 2026

BitGo

nearly 15% of total workforce; no absolute count disclosed

Attribution · verbatim quote

“Today I'm sharing a hard decision: we are reducing our workforce by nearly 15%. I want to be straight with you about why. The ecosystem has evolved, and the way we build financial services has changed dramatically. To keep winning for our clients, we need to be sharper, more focused, and concentrate our people and energy on the areas that matter most: security, trading, stablecoins, settlement, and AI-powered infrastructure.”

— Michael Belshe (ceo)

Summary

BitGo announced on June 25, 2026 that it was reducing its workforce by nearly 15%. CEO Michael Belshe tied the move to focusing resources on security, trading, stablecoins, settlement and AI-powered infrastructure rather than claiming AI replaced the affected staff.

Evidence notes

· The recorded quote is four uninterrupted sentences from Belshe's June 25 public statement furnished as Exhibit 99.1 to BitGo's Form 8-K. The filing wrapper contains only an exhibit link, not the announcement text.
· The company disclosed nearly 15% of the workforce but no exact count, so headcountAffected remains null and headcountText preserves the percentage. The date is the announcement date, not an inferred June 26 layoff date.
· The CEO directly connects the reduction and resource concentration to AI-powered infrastructure among BitGo's core priorities.

Sources

BitGo June 2026 Form 8-K

U.S. Securities and Exchange Commission · Filing · 2026-06-25 · sec.gov

BitGo workforce announcement — Exhibit 99.1

U.S. Securities and Exchange Commission · Filing · 2026-06-25 · sec.gov

BitGo Joins Crypto's AI Layoff Wave, Slashing Staff by 15%

Decrypt · News · 2026-06-25 · decrypt.co