Circle Startup Cuts Staff

It seems like Circle cryptocurrency startup`s things are bad. The company is continuing to fire employees, as startup representatives talked about the dismissal of ten more workers. The company explains it by a change in business strategy and a reorientation to stablecoins.

Recall that just a week ago, one of the co-founders of the company, Sean Neville spoke about his intention to leave before the end of 2019, he also added that he would still remain on the board of directors.

Also, in May this year, the company fired 30 of its employees. This layoff was connected with a tightening of the regulatory climate for the cryptocurrency industry in the United States.

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