Polygon has reportedly executed a large internal round of layoffs, with multiple sources telling BeInCrypto that roughly 30% of staff were dismissed this week. The company has not made any public announcement, but reports are circulating on social media, where several Polygon-linked employees and ecosystem figures have posted about abrupt exits and team changes. Polygon Labs has not yet responded to requests for comment.
This is not the first time the layer-2 network has trimmed its workforce. In 2024, the company fired nearly 20% of its staff. The timing aligns with a broader restructuring Polygon has signaled in recent weeks. Earlier this month, Polygon Labs announced it was realigning its workforce around a new payments-first strategy, pivoting away from pure scaling and DeFi narratives.
That strategic shift followed a $250 million-plus acquisition spree, which included Coinme, a U.S.-regulated fiat-to-crypto on-ramp, and Sequence, a wallet and cross-chain payments infrastructure provider. Together, these assets form the backbone of what Polygon now calls its Open Money Stack—a vertically integrated system for regulated stablecoin payments and on-chain money movement.
Meanwhile, Polygon has continued to push network upgrades. Its Madhugiri upgrade recently increased throughput and prepared the chain for higher transaction volumes. These changes have also played out in the market: Polygon’s native POL token rallied sharply in recent weeks. Yet internally, the transition appears to have come at a cost.
For now, Polygon has not confirmed the reported layoffs, but staff departures are visible across social platforms.
