Circle Discloses 5% Workforce Reduction in Nov. 4 Filing
Photo: TokenPost
Circle disclosed in a filing dated Nov. 4 that it had reduced its workforce by about 5%, marking a completed staffing change at the company that issues USDC. The percentage describes the scale of the reduction relative to Circle's workforce: roughly five out of every 100 employees. It measures a staffing change, rather than a change to the quantity of USDC in circulation. Circle also reduced staffing in December 2024, when cuts affected fewer than 6% of employees, and made a smaller workforce reduction in July 2023.
Source: TokenPost
