Circle announces 6% layoffs and will continue to invest in artificial intelligence
stablecoin issuer Circle Internet Financial Ltd. has announced layoffs as part of its regular operational review. A spokesperson for Circle said that the number of layoffs accounted for less than 6% of the total number of Circle employees. The company will continue to invest in regional growth, efficiency, and productivity driven by artificial intelligence. Circle will regularly review our investments and expenses, including investing in teams and operational infrastructure that need to be developed, while slightly reducing expenses in other areas of business and some positions. In June, Circle stated that the company had 882 employees.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Solana Debuts Phone Staking App, Plans iOS and Android Expansion
Ethereum Targets March for Pectra Upgrade Launch
Record-Breaking Wall Street Pepe Presale Surges Past $50M
FARTCOIN Jumps 20% in 24 Hours, Nears All-Time High