Circle Confirms New Round of Layoffs Following Co-CEO Departure

Dec 11, 2019 at 22:30 UTCSean Neville image via CoinDesk archivesCircle, one of the earliest crypto adopters in the fintech space, has laid off about 10 employees. The move, first reported by The Block, comes barely a week after the firm’s co-CEO, Sean Neville, announced he would step down from his role at the end of…

Circle Confirms New Round of Layoffs Following Co-CEO Departure

Dec 11, 2019 at 22:30 UTCSean Neville image via CoinDesk archivesCircle, one of the earliest crypto adopters in the fintech space, has laid off about 10 employees. The move, first reported by The Block, comes barely a week after the firm’s co-CEO, Sean Neville, announced he would step down from his role at the end of 2019, though he intends to remain on Circle’s Board of Directors. “As we continue to focus on advancing our stablecoin business strategy, we’ve streamlined some departments and eliminated about 10 roles,” a spokesperson told CoinDesk via email.Circle previously laid off 30 employees in May, citing regulatory concerns and market conditions. At the time, the cut represented roughly 10 percent of the company’s t
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