Polygon has carried out a big inside spherical of layoffs, in line with a number of folks conversant in the matter. Business insiders informed BeInCrypto that roughly 30% of employees have been dismissed this week, though the corporate has not made any public announcement.
In the meantime, stories have begun circulating on social media, with a number of Polygon-linked workers and ecosystem figures posting about abrupt exits and workforce modifications. Polygon Labs has not but responded to requests for remark.
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Main Strategic Shift for Polygon?
This isn’t the primary time the layer-2 community executed a mass layoff. Again in 2024, the corporate fired almost 20% of its workforce.
The timing matches a broader restructuring that Polygon already signaled in latest weeks. Earlier this month, Polygon Labs mentioned it was realigning its workforce round a brand new payments-first technique, after a significant 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.
Collectively, these belongings kind the spine of what Polygon now calls its Open Cash Stack, a vertically built-in system for regulated stablecoin funds and on-chain cash motion.
POL Worth Chart Over the Previous Month. Supply: CoinGecko
On the identical time, Polygon has continued to push community upgrades. Its Madhugiri improve not too long ago elevated throughput and ready the chain for larger transaction volumes.
These modifications have additionally performed out available in the market. Polygon’s native POL token rallied sharply in latest weeks.
But internally, the transition seems to have come at a price.
For now, Polygon has not confirmed the reported layoffs. However with employees departures now seen throughout social platforms.
