CryptoDecryptabout 2 hours ago
Circle Cuts 5% of Staff in Profitable Quarter
3 min read
USDC issuer Circle cut about 5% of its workforce in its third-quarter earnings release on Wednesday, booking $9.1 million in restructuring charges. Net income rose 5% to $226 million while revenue grew 17% to $865 million. The company joins crypto firms like Coinbase and BitGo in reducing staff this year despite the cuts.
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