Circle cuts workforce, ends some ‘non-core’ activities; Will continue to recruit globally

“To maintain its strong balance sheet, Circle is doubling down on its core business activities and focus on execution,” a Circle spokesperson told CoinDesk in an email. “As a result, we have reduced or eliminated investments in non-core activities and reduced operations.” Expenditure that involves a slight reduction in the number of employees. At the same time, we have identified new areas for investment and continue to hire in key areas of focus on a global basis.”