Express
Polygon lays off nearly 30% of staff after acquisition to advance into stablecoin payment business
Summary: According to market sources, Polygon has recently implemented a large-scale internal layoff, with approximately 30% of employees being dismissed this week. Several Polygon employees and ecosystem members have posted resignation or team change information on social media. The layoffs occurred as Polygon strategically shifted towards the stablecoin payment sector after completing the acquisition of Coinme ...
According to market sources, Polygon has recently implemented a large-scale internal layoff, with approximately 30% of employees being dismissed this week. Several Polygon employees and ecosystem members have posted resignation or team change information on social media. The layoffs occurred as Polygon strategically shifted towards the stablecoin payment sector after completing the acquisition of Coinme and Sequence for a total of $250 million. Polygon Labs communications director Kurt Patat confirmed that the layoffs are part of post-acquisition team integration measures, with the company's total headcount expected to remain stable.
Tags:
Link: Polygon lays off nearly 30% of staff after acquisition to advance into stablecoin payment business [Copy]
