{"id":17998,"date":"2023-02-23T11:55:20","date_gmt":"2023-02-23T11:55:20","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/circle-to-increase-staff-by-25-months-after-aborting-plans-to-go-public\/"},"modified":"2023-02-23T11:55:20","modified_gmt":"2023-02-23T11:55:20","slug":"circle-to-increase-staff-by-25-months-after-aborting-plans-to-go-public","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/circle-to-increase-staff-by-25-months-after-aborting-plans-to-go-public\/","title":{"rendered":"Circle to increase staff by 25% months after aborting plans to go public"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677145999254-b76ff3f3-e07e-4e1c-a56d-39dfaa143868-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677145999254-b76ff3f3-e07e-4e1c-a56d-39dfaa143868-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677145999254-b76ff3f3-e07e-4e1c-a56d-39dfaa143868-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/1970\/01\/1677145999254-b76ff3f3-e07e-4e1c-a56d-39dfaa143868-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li>Circle\u2019s move comes at a time when many firms in the industry are laying off workers.<\/li>\n<li>41% of company layoffs in 2023 have so far come from the crypto industry.<\/li>\n<li>It also comes months after Circle aborted plans to go public.<\/li>\n<\/ul>\n<p>USDC issuer Circle is planning to increase its staff by 15% to 25% just months after it a<a href=\"https:\/\/coinjournal.net\/news\/crypto-needs-more-public-companies-collapse-of-circle-ipo-indicative-of-industry-troubles\/\">borted plans to go public<\/a> in December 2022.<\/p>\n<p>Circle had planned to become a public company through a merger with special purpose acquisition company (SPAC) Concord Acquisition before the two firms mutually called off the plan. Circle\u2019s chief financial officer Jeremy Fox-Geen, however, said that the firm still plans to go public once the market conditions are better.<\/p>\n<p>Circle is increasing its workforce at a time when a good number of crypto firms have announced staff layoffs.<\/p>\n<h2>2023 crypto layoffs<\/h2>\n<p>Polygon Labs is the latest cryptocurrency firm to announce layoffs.<\/p>\n<p>In a period of almost two months, about nine crypto firms including crypto exchanges have announced layoffs. Some of the companies that have announced layoffs include <a href=\"https:\/\/coinjournal.net\/exchanges\/coinbase\/\">Coinbase<\/a>, Huobi, Chainalysis, Gemini, Wyre, Crypto.com, Bittrex, and Genesis.<\/p>\n<p>While the crypto industry is not the only one suffering from staff layoff, it accounts for about 41% of all layoffs in 2023 so far.<\/p>\n<p>Other non-crypto firms that have announced layoffs this year include Google, Microsoft, Salesforce, and Amazon. The four companies have laid off about 48,000 people in 2023.<\/p>\n<p>Circle, therefore, seems to be going against the tide.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><a href=\"https:\/\/coinjournal.net\/news\/circle-to-increase-staff-by-25-months-after-calling-off-plans-to-go-public\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Bitcoin, Ethereum &amp; Crypto News ) Circle\u2019s move comes at a time when many firms in the industry are laying off workers. 41% of company layoffs in 2023 have so far come from the crypto industry. It also comes months after Circle aborted plans to go public. USDC issuer [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":17999,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17998"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=17998"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/17998\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/17999"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=17998"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=17998"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=17998"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}