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Circle, Owner of Crypto Exchange Poloniex, Lays Off 10% of Its Staff, and Explains Why

On Tuesday (May 21), Jeremy Allaire, the Co-Founder and CEO of Golman Sachs-Backed FinTech startup, Circle, the owner of cryptocurrency exchange Poloniex, announced that his company had decided to lay off 30 employee (approximately, 10% of its staff).