Crypto Startup Circle Cuts Staff, Cites Bitcoin Market Conditions7

According to a recent tweet from Jeremy Allaire, the co-founder of crypto startup Circle, he has just made the decision to eliminate (fire) a number of employees. Allaire says that “approximately 30” positions were purged, 10% of the company.

This news comes on the heels of a massive rally in the Bitcoin price, giving an intriguing bit of insight into Circle’s financial standing. This is first major industry layoff in a number of weeks, as firms have slowed down their resizing efforts following Bitcoin’s jaw-dropping move from $4,200 to $8,000, and similar moves in altcoins.

Original source
https://www.newsbtc.com/2019/05/21/crypto-startup-circle-cuts-staff-cites-bitcoin-market-conditions/

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