Circle To Lay Off Staff And Refocus On Core Activities

Circle, the company behind the USDC stablecoin, has recently laid off a portion of its workforce amid a turbulent year for the digital asset industry. According to the company, the recent layoffs aimed to maintain a strong balance sheet. And by streamlining its workforce and reducing costs, the company may be better positioned to weather the challenging market conditions.
Circle has characterized the recent layoffs as a marginal reduction in headcount, which is part of a broader effort to reduce