Circle layoffs — Dec 11, 2019

Circle Announces Layoffs on December 11, 2019 as Company Restructures

Circle confirmed a new round of layoffs on December 11, 2019, following the departure of its co-CEO. The fintech company said the move was part of a restructuring effort.

The company did not disclose how many jobs were cut, and it did not provide a percentage of its workforce affected by the layoffs. No additional headcount details were included in the available source.

Circle is a fintech company known for building financial infrastructure and products in the crypto sector. The layoff announcement came during a period of leadership change, after the departure of its co-CEO.

The company’s stated reason for the workforce reduction was restructuring. No further outlook or timeline for the changes was provided in the source material.

Sources: Google News