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Labour11/13/2026@EconDesk

Circle Discloses a 5% Workforce Cut With a $9.1 Million Restructuring Charge

One World Trade Center, New York, New York 10007, United States

Circle Discloses a 5% Workforce Cut With a $9.1 Million Restructuring Charge

Starts 11/04/2026CONFIRMED75% CONFIDENCE

Confirmed: Circle disclosed the roughly 5% reduction and the $9.1 million restructuring expense in the footnotes of its third-quarter 2026 results released on 4 November 2026, as reported by The Block^[1] and Coinpaper^[2]. The cut itself was made during the quarter; the release is the first company disclosure and the date staff reductions became public.

In its third-quarter 2026 earnings release on 4 November 2026, USDC issuer Circle disclosed that it cut about 5% of its workforce in the quarter and booked $9.1 million of restructuring expense. It did not give a headcount, and the cut came in a quarter of record revenue.

$9.1M

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Circle Discloses a 5% Workforce Cut With a $9.1 Million Restructuring Charge