Stablecoin USDC issuer Circle has announced a slight reduction in its workforce in order to maintain a “strong balance sheet.” A Circle spokesperson stated in an email that “Circle has reduced or terminated investments in non-core activities and reduced operating expenses, including a slight reduction in its workforce. At the same time, we have identified new areas for investment and continue to hire in key focus areas globally.”
Reference: https://www.coindesk.com/business/2023/07/12/circle-cuts-workforce-ends-certain-non-core-activities-will-continue-hiring-globally/
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