November 27, 2022

Circle Bitcoin startup fired part of the team again

The wave of reductions in the cryptocurrency company Circle continues - the startup announced the dismissal of ten employees, reports CoinDesk.

At Circle, this decision was explained by the reduction in departments due to the focus on business strategies aimed at stablecoins.

The week before, Circle co-founder Sean Neville announced that he would leave the post by the end of the year, although he would remain on the board of directors.

Recall that in May, the startup cut 30 employees, which at that time amounted to about 10% of the staff. Then the Circle explained the reduction in the tougher regulatory climate for the crypto industry in the United States.

In September, Circle also suspended the work of the research team.