Stablecoin Issuer Circle Cuts 5% Jobs

First reported by The Information at · Updated · 1 source

Stablecoin issuer Circle reported third-quarter revenue jumped 17% to $875 million, reflecting mostly a one-time bump from a token sale. At the same time, the company said it is cutting 5% of staff to align its organizational structure with its “operating model and strategic priorities.”

Reported so far by one publisher.

Summary from The Information.

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The Information Stablecoin Issuer Circle Cuts 5% Jobs · Yueqi Yang

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Topics Crypto