According to CoinMeta, the Circle internet group cut about 5% of its staff in the third quarter of 2026, despite its quarterly revenue reaching $865 million, exceeding Wall Street's expectations. According to Circle's financial report on November 4th, the restructuring costs amounted to $9.1 million, mainly used for severance payments and related expenses. Circle stated that this layoff was aimed at aligning its organizational structure with its operational model and strategic priorities. Based on the statistics of around 1,100 employees at the end of 2025, the 5% layoff involved approximately 55 positions. Circle's revenue in the third quarter increased by 17% year-on-year, with net revenue rising by 5% to $226 million, and adjusted EBITDA grew by 85% to $317 million. Despite the revenue growth, Circle's reserve income decreased by 8% to $658 million, mainly due to the reserve return rate falling to 3.5%.