Polygon Lays About 30% Off to Focus on Stable Coin Payment Layout

Polygon will lay off approximately 30% of its workforce, with adjustments related to the integration after the $250 million acquisition of Coinme and Sequence. Polygon stated that the layoffs are part of its post acquisition integration plan, and the total number of employees is expected to remain stable. Polygon previously announced a strategic transformation, focusing on the payment field and promoting the construction of an "open currency stack" to support compliant stablecoin payments and on chain fund flows. Polygon CEO stated that the integration of some positions is a necessary decision, but the team size remains roughly unchanged.