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Author Topic: Circle Sheds 10% of Workforce as CEO Blames Restrictive US Regulatory Climate  (Read 1317 times)

Offline Goodcat49

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The CEO of Goldman Sachs-backed crypto finance startup Circle blamed a hostile regulatory climate in the United States as he confirmed layoffs of 30 staff on social media May 21.

Following a blog post in which he described the difficulties operating in the U.S., Jeremy Allaire said that executives had taken the decision to release roughly one in ten of Circle’s employees.

https://cointelegraph.com/news/circle-sheds-10-of-workforce-as-ceo-blames-restrictive-us-regulatory-climate


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