Circle Sheds 10% of Workforce as CEO Blames Restrictive US Regulatory Climate
Cointelegraph
Published May 22, 2019 05:54AM ET
Circle Sheds 10% of Workforce as CEO Blames Restrictive US Regulatory Climate
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.
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