PANews
PANews|Jan 16, 2026 00:12
[Polygon Lays Off Nearly 30% of Staff After Acquisition to Advance Transition to Stablecoin Payment Business] According to BeInCrypto, insiders revealed that Polygon recently implemented large-scale internal layoffs, with approximately 30% of employees dismissed this week. On social media, several Polygon-related employees and ecosystem members have posted about their departures or team changes. The layoffs occurred after Polygon shifted its strategic focus to the stablecoin payment sector and completed a $250 million acquisition of Coinme and Sequence. Polygon Labs' Communications Director Kurt Patat confirmed that the layoffs are part of post-acquisition team integration measures, and the company's total headcount is expected to remain stable.
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