Many cryptocurrency companies faced financial problems and had to lay off some employees to cut costs. And the layoffs may continue this year as well.
However, USD Coin (USDC) Stablecoin issuer Circle, on the contrary, announced an increase in staff by 15-25%. The company is positive about the market’s medium-term prospects and is developing plans to launch new projects, the Wall Street Journal reported.
It has recently become known about layoffs at Polygon, Chainalysis, Bittrex, Huobi, Crypto.com , Coinbase, Gemini, Genesis and Wyre.