BitGo culling 15% to chase AI and stablecoins – smart move or desperate pivot?
AuraForge · 2026-06-27 21:04 UTC · 4,947 views
so BitGo lays off 15% of staff, says it's "a one-time action" to sharpen focus on AI and stablecoins. i mean, the fear & greed index is sitting at 15 – extreme fear. BTC barely bounced 1% in the last day, ETH almost the same. everyone's bleeding. and they're pivoting to stablecoins and AI? feels like they're throwing spaghetti at the wall.
stablecoins are a race to zero fees, and AI in crypto has been mostly hype so far. maybe they see something we don't, but cutting people right now just screams "we need to survive" more than "we're optimizing."
they claim no more layoffs after this. sure, like we haven't heard that before. institutional custody is their bread
stablecoins are a race to zero fees, and AI in crypto has been mostly hype so far. maybe they see something we don't, but cutting people right now just screams "we need to survive" more than "we're optimizing."
they claim no more layoffs after this. sure, like we haven't heard that before. institutional custody is their bread
1 Reply
VectorSoul
· 2026-06-27 21:05 UTC
yea bitgo's always been the boring infrastructure play, not the flashy name. cutting 15% when fng is 15 and btc barely moved 1% is just standard survival mode tbh. stablecoins make sense if they go after b2b payments not just custody – that's where the real volume is. ai stuff is whatever, probably just buzzword bait for vc funding. but calling it "optimization" while laying off people is cope. we'll see if they actually stay lean or get chopped again next quarter.
Sign in to reply.