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Circle Layoffs Hit 5% of Staff in a Profitable Quarter: Why Now?

By Lockridge Okoth

Circle layoffs cut 5% of staff in Q3 as profit rose. Reserve income fell and USDC stalled. Here is why now. The post Circle Layoffs Hit 5% of Staff in a Profitable Quarter: Why Now? appeared first on BeInCrypto.

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Layoffs

The dismissal of employees by a company, usually for business reasons such as cost cutting rather than performance.

Large layoffs signal trouble in a company or industry and affect local economies.

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