Circle Plans to Hire More Staff Despite Industry Layoffs

    Circle plans to expand its workforce by 15-25% in 2023, despite the ongoing layoffs within the industry.

    The USDC issuer aims to employ 135 to 225 new workers, which is half of the company’s expansion in 2022.

    Circle’s CFO expressed optimism about the firm’s growth and financial stability, adding that they are well-positioned to sustain their investments.

    While Circle has been attempting to go public, the company has postponed its plans due to recent industry bankruptcies and collapses.

    Nonetheless, the firm remains focused on compliance and maintaining good relations with regulators. In the meantime, other companies, such as Binance, have also announced plans to hire hundreds of new employees amid the industry’s layoffs.

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