PANews reported on December 5 that according to Bloomberg, stablecoin issuer Circle Internet Financial Ltd. said that as part of a regular operational review, the company has laid off employees. A Circle spokesperson said that the number of layoffs accounted for less than 6% of Circle's total employees. The company will continue to invest in regional growth, efficiency and productivity driven by artificial intelligence. Circle will regularly review our investments and expenses, which includes investing in teams and operational infrastructure that need to be developed, while slightly reducing expenses and some positions in other business areas. In June, Circle said the company had 882 employees.
Stablecoin issuer Circle has laid off less than 6% of its employees
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