Polygon Labs has carried out another round of layoffs. The company has reportedly cut around 30% of its workforce as it restructures and pivots toward stablecoin-based payments, according to multiple posts and disclosures from affected employees on the social media platform X.
While Polygon Labs has not publicly disclosed the exact number of roles eliminated, its CEO, Marc Boiron, later confirmed the workforce reduction in a public statement.
Brutal 30% Cuts
The latest job cuts appear to be part of an organizational reset as Polygon moves away from a primarily infrastructure-focused strategy toward building what it describes as a payments-first blockchain platform.
Back in 2024, Polygon reduced its headcount by 19%, after eliminating almost 60 roles in what it described at the time as an effort to form a more “efficient surgical team.” It had also granted remaining employees a minimum 15% salary increase. A year earlier, in 2023, the company behind the Layer 2 network cut approxima
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