Chayanika Deka reports:
According to Belshe’s official tweet, the job cuts are intended to help BitGo concentrate its people and resources on areas considered most important for future growth and client needs. He described the move as a difficult decision and acknowledged the contributions of employees who helped build the company.
Belshe said all affected workers would be informed directly by their managers and human resources teams before the announcement became public. Addressing the remaining staff, Belshe urged employees to support one another and communicate closely as the company reorganizes. [emphasis added]
The exec also stated that the layoffs are a one-time action, while adding that the company does not expect additional workforce reductions.
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