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Circle Cuts Another 10 Employees, Rejects Connection to CEO Stepping Down

Published 12/11/2019, 04:05 PM
Updated 12/11/2019, 05:41 PM
Circle Cuts Another 10 Employees, Rejects Connection to CEO Stepping Down

Payments company Circle has reportedly laid off another ten employees, following the news that its CEO Sean Neville quit his position — events that the firm says are unlinked.

On Dec. 11, a Circle representative told Cointelegraph ”we've streamlined some departments and eliminated about 10 roles.” The spokesperson confirmed that the company was looking to focus on its stablecoin, USDC. Earlier today, the company minted another $2.8 million of the coin.

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