Circle, the USDC issuer, laid off 5% of staff in a profitable quarter amid declining reserve income.

DeFi & Yields · 2026-11-04

Circle announced a workforce reduction of 5% according to a regulatory filing. The company did not provide additional details about the scope or timing of the layoffs in the filing.

Previously on Telem

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Circle beats Q3 revenue estimates, USDC minting surges to $104B 2026-11-04
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