PANews June 26 news, BitGo CEO Mike Belshe announced on X that the company is laying off nearly 15% of its workforce, with affected employees already notified directly by their direct superiors and HR. Belshe stated that the crypto ecosystem has undergone profound changes and the way financial services are built has evolved significantly. To remain competitive, the company must focus its personnel and resources more on core areas such as security, trading, stablecoins, settlement, and AI-driven infrastructure, making BitGo's operations more focused. Belshe emphasized this is a one-time adjustment and does not expect further layoff plans, and expressed gratitude for the contributions of departing employees.