marketNovember 4, 2026
Circle cuts 5% of staff while Q3 profit rises
Circle reduced its workforce by about 5%. The cuts came alongside a third quarter in which the company's net profit rose 5% to $226 million.
The staff reduction therefore took place as quarterly net profit increased.
For people who hold or exchange cryptocurrency, the news means that changes to Circle's headcount did not come with a decline in its quarterly profit.