Business1 source
Circle cuts 5% of workforce as USDC circulation climbs
Headline from Crypto Briefing
Key points
- Stablecoin issuer Circle has reduced its total workforce by five percent.
- This internal restructuring occurs alongside a notable rise in the circulating supply of its USDC stablecoin.
- The staff layoffs reflect an effort to balance operational efficiency with the company's broader strategic growth objectives while navigating changing market conditions within the cryptocurrency industry.
Summarized automatically by Kryptokite from reporting by Crypto Briefing. Read the original sources for full detail.
Coins mentioned
Sources
- Crypto BriefingCircle cuts 5% of workforce as USDC circulation climbs · 1 hour agoRead on Crypto Briefing
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