According to PANews, Circle Internet Financial Ltd., a prominent stablecoin issuer, has announced a reduction in its workforce as part of a routine operational review. A spokesperson from Circle stated that the layoffs affect less than 6% of the company's total employees. Despite these changes, Circle remains committed to investing in growth driven by artificial intelligence, as well as enhancing efficiency and productivity.
The company regularly evaluates its investments and expenditures, which includes focusing on teams and operational infrastructure that require development. This strategic review also involves a slight reduction in spending across certain business areas and the elimination of some positions. As of June, Circle reported having 882 employees. The recent workforce adjustments are part of the company's ongoing efforts to optimize its operations and maintain a competitive edge in the rapidly evolving financial technology landscape.