Circle announces 6% layoffs, will continue to invest in artificial intelligence

Stablecoin issuer Circle Internet Financial Ltd. said it made layoffs as part of a regular operational review. The layoffs represent less than 6 percent of Circle's workforce, a Circle spokesperson said. The company will continue to invest in artificial intelligence-driven geographic growth, efficiency and productivity. Circle regularly reviews our investments and expenses. This includes investing in teams and operational infrastructure that need to be developed, while slightly reducing expenses and some positions in other business areas. In June, Circle said the company had 882 employees.