Stablecoin issuer Circle announced layoffs, accounting for less than 6% of the total workforce

ChainCatcher news, according to Bloomberg, stablecoin issuer Circle Internet Financial Ltd. announced that the company has conducted layoffs as part of a regular operational review.

A Circle spokesperson stated that the number of layoffs accounts for less than 6% of Circle's total workforce. The company will continue to invest in AI-driven regional growth, efficiency, and productivity. Circle will regularly review our investments and expenditures, which includes investing in teams and operational infrastructure that need development, while slightly reducing spending in other business areas and some positions. In June, Circle stated that the company had 882 employees.