Circle announces a 6% workforce reduction and will continue to invest in artificial intelligence

Circle announced a 6% layoff and will continue to invest in artificial intelligence. Stablecoin issuer Circle Internet Financial Ltd. said that the company conducted layoffs as part of its routine operational review. A Circle spokesperson said that the number of layoffs is less than 6% of the total number of Circle employees. The company will continue to invest in the geographical rise, 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 business areas and some positions. In June, Circle said the company had 882 employees.