Cryptocurrencies
Stablecoin Issuer Circle Internet Financial Makes Some Job Cuts
- Job losses represent less than 6% of Circle’s workforce
- Company says it continues to target growth opportunities
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Circle Internet Financial Ltd., the issuer of the second-largest stablecoin in the cryptocurrency sector, said it made layoffs as part of a regular review of operations.
The job losses represent less than 6% of Circle’s workforce, a spokesperson said in a statement on Thursday, adding the firm continues to invest in geographical growth, efficiency and productivity powered by artificial intelligence. Back in June, Circle said the company had 882 employees.