In brief

• Circle cut about 5% of its staff, as noted in a footnote in its Q3 results

• The layoffs cost $9.1 million, as quarterly profit rose 5% to $226 million.

• Falling interest rates reduce the interest income Circle uses to pay its bills.

Read the original story, “Circle Cuts 5% of Staff in a Profitable Quarter: Why Now,” by Lockridge Okoth on fi.beincrypto.com