Circle to Expand its Workforce by 25%
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A lot of crypto companies have faced financial problems and have been forced to lay off some of their employees in order to cut costs.
However, Circle, the issuer of the stablecoin USD Coin (USDC), on the contrary, has announced an increase in the number of employees by 15-25%. The company is positive about the medium-term outlook for the market and is developing plans to launch new projects, according to the Wall Street Journal.
Polygon, Chainalysis, Bittrex, Huobi and others have recently announced layoffs.
More than 40% of all layoffs in the business sector have taken place in the blockchain industry.
However, other IT companies were forced to cut staff.
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