CoinVoice recently learned that, according to Bloomberg, the stablecoin issuer Circle Internet Financial Ltd. stated that as part of a routine operational review, the company conducted layoffs.
Circle spokesperson stated that the number of layoffs accounts for less than 6% of Circle's total employees. The company will continue to invest in AI-driven geographic 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 expenditures in other business areas and some positions. In June, Circle stated that the company had 882 employees. [Original link]