The USDC issuer disclosed the reduction in a footnote to third-quarter results that showed revenue up 17% to $865 million on its ARC token presale, without saying how many people lost their jobs.
The post Circle Cuts About 5% of Its Workforce in Quarter Lifted by ARC Token Presale appeared first on Unchained.
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The USDC issuer disclosed the cuts in its earnings release, booking $9.1 million in restructuring costs as reserve income fell 8%.
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