BitGo has announced a reduction of nearly 15% of its workforce as part of a strategic shift to concentrate on core business areas. CEO Mike Belshe revealed the layoffs on X, stating that the affected employees have been informed by their supervisors and HR. The decision comes as the crypto ecosystem undergoes significant changes, prompting BitGo to prioritize security, trading, stablecoins, settlement, and AI-driven infrastructure. Belshe described the layoffs as a one-time adjustment, with no further reductions planned. He expressed appreciation for the contributions of the departing employees, emphasizing the need for BitGo to streamline operations to remain competitive in the evolving financial services landscape.