[Circle reduces investment in non-core businesses and lays off a small number of employees] Golden Finance reported that stablecoin issuer Circle laid off employees and terminated certain "non-core" activities; it will continue to recruit globally. A Circle spokesperson said that in order to maintain a strong balance sheet, Circle is redoubling its focus on core business activities and execution. As a result, we have reduced or terminated investments in non-core businesses and reduced operating expenses, including minor layoffs. At the same time, we have identified new areas for investment and will continue to recruit talent in key areas around the world. Earlier this year, Circle's financial director Jeremy Fox-Geen said Circle planned to increase its headcount by 25% to expand.