Circle, the issuer of USDC, has confirmed that it will undergo layoffs as part of a comprehensive review of its operations. A spokesperson stated that the job cuts will affect less than 6% of its workforce. This development raises questions about the company’s current operational strategy amid growing concerns in the cryptocurrency industry. The move focuses on streamlining processes and ensuring sustainable growth moving forward. Stakeholders will look closely at how these changes will affect USDC’s position in the market and overall business stability.