Context: BitGo Holdings, a crypto infrastructure company, laid off approximately 15% of its staff on Thursday, as announced by its co-founder and CEO Mike Belshe. The layoffs aim to sharpen the company's focus on areas including trading, stablecoins, and artificial intelligence. This move is part of a larger trend in the crypto industry, where thousands of jobs have been lost in 2026 due to efficiency gains from AI and a wide crypto market slump.