Circle Cuts 5% of Workforce Despite Strong Q3 Earnings Growth
Photo: TronWeekly
Circle Internet Group (NYSE: CRCL), the issuer of the USDC stablecoin, has reduced approximately 5% of its workforce as part of an organizational restructuring. The company disclosed the workforce reduction in its third-quarter 2026 earnings report on November 4. Circle said the decision aims to better align its organizational structure with its operating model and strategic priorities. The move comes as the company reports stronger financial results and continues investing in stablecoin payments, institutional partnerships, and blockchain infrastructure. Circle disclosed the workforce reduction in its Q3 2026 financial results, confirming that approximately 5% of its employees were affected.
Source: TronWeekly
