Web3
USDC Issuer Circle Cuts 5% of Staff in $9.1M Restructuring
COINOTAG·November 4, 2026·1 min read
Circle, the issuer of USDC, cut about 5% of its workforce and booked $9.1 million in restructuring charges in Q3, even as net income rose 5% to $226 million. The layoffs reflect cost-cutting measures despite strong earnings, signaling a focus on efficiency.
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