Polygon layoffs nearly 30%, shifting to a "Payments First" strategy

GateUser-6433627c · 2026-01-16T00:20:47+00:00

Polygon recently announced a major layoff, with approximately 30% of employees being dismissed, in line with its restructuring and "payments first" strategic adjustment plan. This is the company's second large-scale layoff since 2024, following a significant transformation after a wave of acquisitions.

GateUser-6433627c

2026-01-16 00:20:47

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On January 16, according to BeInCrypto, multiple insiders revealed that Polygon has carried out large-scale internal layoffs. Industry insiders say that about 30% of employees were laid off this week. This is not the first time Polygon has conducted large-scale layoffs. As early as 2024, the company cut nearly 20% of its staff. The timing of this round of layoffs aligns with Polygon’s recent announcement of a broader restructuring plan. Earlier this month, Polygon Labs stated that it is restructuring its workforce around a new “Payment First” strategy, following a significant transformation from a focus solely on scaling and DeFi narratives. This transformation occurred after a wave of acquisitions exceeding $250 million, including Coinme (a US-regulated fiat-to-crypto on-ramp) and Sequence (a wallet and cross-chain payment infrastructure provider).

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