Jan. 16 (BeInCrypto) — Polygon has conducted a large-scale internal layoff, with multiple sources familiar with the matter reporting roughly 30% of its staff were cut this week. This isn’t the blockchain firm’s first major workforce reduction: It laid off nearly 20% of its employees back in 2024. The timing of the layoffs aligns with Polygon’s recent restructuring announcement. Earlier this month, Polygon Labs said it’s reorganizing its team around a new “payment-first” strategy — a notable shift from its prior focus on scaling and DeFi narratives. The transformation follows Polygon’s spree of over $250 million in acquisitions, including Coinme (a U.S.-compliant fiat onramp for crypto) and Sequence (a wallet and cross-chain payment infrastructure provider).
