Circle Internet Group Inc. said it laid off approximately 5% of its workforce as part of a broader push to incorporate AI, while posting third-quarter revenue and earnings that exceeded analyst expectations.
The largest US stablecoin issuer booked $9.1 million in expenses linked to the restructuring, which it said was “designed to better align our organizational structure with our operating model and strategic priorities.” The expenses primarily stemmed from cash expenditures for notice period and severance payments, employee benefits and related costs.
