Circle cut about 55 jobs, or around 5% of its workforce.
PANews reported that stablecoin issuer Circle (CRCL) laid off about 5% of its staff, affecting roughly 55 roles, as part of a third-quarter restructuring aimed at improving efficiency and adjusting operations. Circle currently has about 1,100 employees, with 96 positions still open. An earlier report said Circle’s third-quarter revenue was $865 million, up 17% year over year.
· Hiring and layoffs are happening at the same time; the net change in headcount depends on how many of the 96 open positions are actually filled. The report did not disclose the specific timeline.
· The $865 million in revenue and 17% year-over-year growth figures come from an earlier report and were reported at a different time from the layoff news in this item.
Which matters more to you: the net change in jobs or the year-over-year growth in third-quarter revenue?
PANews reported that stablecoin issuer Circle (CRCL) laid off about 5% of its staff, affecting roughly 55 roles, as part of a third-quarter restructuring aimed at improving efficiency and adjusting operations. Circle currently has about 1,100 employees, with 96 positions still open. An earlier report said Circle’s third-quarter revenue was $865 million, up 17% year over year.
· Hiring and layoffs are happening at the same time; the net change in headcount depends on how many of the 96 open positions are actually filled. The report did not disclose the specific timeline.
· The $865 million in revenue and 17% year-over-year growth figures come from an earlier report and were reported at a different time from the layoff news in this item.
Which matters more to you: the net change in jobs or the year-over-year growth in third-quarter revenue?
