Episode
BitGo Cuts 15% Amid Crypto Market Shift
- Published
- Jun 26, 2026
- Duration seconds
- 96
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Summary
BitGo just cut 15% of its staff in a bold move signaling the crypto industry’s brutal reckoning — but CEO Mike Belshe insists it’s a one-time pivot, not a freeze, as the company tightens focus on security, trading, stablecoins, settlement, and AI. Amid a wave of tech layoffs — over 121,000 jobs lost in U.S. tech alone this year — BitGo still plans to hire 51 roles, hinting at resilience beneath the cuts. The stock tumbled nearly 5% after the announcement, continuing its steep slide since its January IPO — a stark reminder that even crypto heavyweights are scrambling to adapt in a volatile, AI-driven market. Support the show: Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN: [email protected] This is an automated, high-level news summary based on public reporting. Report issues to [email protected]. View sources & latest updates: https://sources.thednn.ai/17439e04604701d4