Polygon Reportedly Cuts Nearly 30% of Staff in a Mass Layoff

Polygon has carried out a massive inside spherical of layoffs, in accordance with a number of folks acquainted with the matter. Industry insiders informed BeInCrypto that roughly 30% of workers have been dismissed this week, though the corporate has not made any public announcement.

Meanwhile, experiences have begun circulating on social media, with a number of Polygon-linked workers and ecosystem figures posting about abrupt exits and staff adjustments. Polygon Labs has not but responded to requests for remark. 

Major Strategic Shift for Polygon?

This is just not the primary time the layer-2 community executed a mass layoff. Back in 2024, the corporate fired nearly 20% of its workforce.

The timing suits a broader restructuring that Polygon already signaled in current weeks. Earlier this month, Polygon Labs mentioned it was realigning its workforce round a new payments-first technique, after a main pivot away from pure scaling and DeFi narratives.

That shift adopted Polygon’s $250 million-plus acquisition spree, which included Coinme, a US-regulated fiat-to-crypto on-ramp, and Sequence, a pockets and cross-chain funds infrastructure supplier. 

Together, these belongings type the spine of what Polygon now calls its Open Money Stack, a vertically built-in system for regulated stablecoin funds and on-chain cash motion.

At the identical time, Polygon has continued to push community upgrades. Its Madhugiri improve not too long ago elevated throughput and ready the chain for increased transaction volumes. 

These adjustments have additionally performed out in the market. Polygon’s native POL token rallied sharply in current weeks. 

Yet internally, the transition seems to have come at a price. 

For now, Polygon has not confirmed the reported layoffs. But with workers departures now seen throughout social platforms.

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