Circle cuts ‘marginal’ amount of staff to strengthen balance sheet: CoinDesk

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By BitcoinWiki News

Key Takeaways:

– Circle, known for its stablecoin USDC, has laid off some of its workforce to strengthen its balance sheet.
– The staff cut will allow the company to focus on core business activities and execution.
– Circle has reduced investments in non-core activities and operational expenses, resulting in a marginal reduction in headcount.
– The company has identified new areas for investment and is continuing to hire in key areas of focus globally.
– Circle has recently made notable hires, including former U.S. Commodities Futures Trading Commission head Heath Tarbert and Goldman Sachs’ former chief risk officer Craig Broderick.
– This information is provided for informational purposes only, not as legal, tax, investment, financial, or other advice.


Circle, the company behind stablecoin USDC, has laid off some of its workforce in an effort to strengthen its balance sheet. The company stated that the staff cut would allow them to focus on core business activities and execution, while reducing investments in non-core activities and operational expenses. However, Circle also mentioned that they have identified new areas for investment and are continuing to hire in key areas of focus globally. In recent weeks, Circle has made notable hires, including former U.S. Commodities Futures Trading Commission head Heath Tarbert and Goldman Sachs’ former chief risk officer, Craig Broderick.

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