Finance6 sources
Circle Cuts 5% of Workforce Amid $865M Q3 Revenue
- Circle reported $865 million in Q3 revenue, a 17% increase year-over-year.
- The company disclosed a 5% workforce reduction in the third quarter.
- Circle booked a $9.1 million restructuring charge for the workforce cuts.
- Net income grew 5% to $226 million in the third quarter.
- Reserve income fell 8% despite the revenue increase.
Timeline
Circle Internet Set to Report Earnings
Circle Internet is set to report its earnings on Wednesday.
Circle Beats Earnings Expectations
Circle beats earnings expectations with strong revenue but cuts 5% of its workforce.
Circle Reports $865M in Q3 Revenue
Circle reported $865 million in Q3 revenue and reserve income, disclosing a 5% workforce reduction.
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Articles (8)
Bitcoin Magazine·
Circle (CRCL) Cuts About 5% of Workforce as Q3 Revenue Hits $865M
The Block·
Circle reports $865 million in Q3 revenue and reserve income, discloses 5% workforce reduction
Decrypt·
USDC Issuer Circle Quietly Cuts 5% of Staff in Profitable Quarter
CoinDesk·
Circle beats earnings expectations on strong revenue, but cuts 5% of its workforce
Barron's·
CVS Raises Outlook and Reveals Breakup Plan. The Real Risk Sits in a Federal Drug Program.
Circle’s Earnings Beat Is a Sign Stablecoins Have Arrived. A Payoff for Crypto Stocks May Take Longer.
The Wall Street Journal·
CVS Raises Forecast on Health Care Benefits, Pharmacy Gains
Circle Internet Set to Report Earnings Wednesday