"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." — CEO Mike Belshe announced on X (Thursday 2026-06-25; some syndicated coverage dated 06-26) a ~15% workforce reduction, ~90 of 603 FTEs. His own announcement names 'AI-powered infrastructure' as a focus the company is concentrating people on — a pivot-toward-AI rationale rather than an AI-replaced-jobs claim; flagged ai_company_explicit=true on that basis. Staff spread across US, Canada, India, Singapore, Dubai, Brazil, UK; US-only portion not stated. Also covered by Cointelegraph and Yahoo Finance ('BitGo Joins Crypto's AI Layoff Wave').