Reports say that Polygon has massively laid off about 30% of employees

The Polygon project has undergone a massive round of internal layoffs, according to several sources familiar with the matter. Some industry insiders revealed to BeInCrypto that about 30% of employees were laid off this week, although the company did not make a public announcement.

The reports found their place on social media, with a number of employees associated with Polygon and figures in the ecosystem announcing his sudden exit and changes in teams. Polygon Labs has not yet responded to requests for comment.

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A major strategic change for the Polygon platform?

This is not the first time that the Second Class Project has carried out a wave of mass layoffs. In 2024, the company licensed Almost 20% of its workforce,

This comes as part of a wider restructuring that Polygon has hinted at in recent weeks. Earlier this month, Polygon Labs announced that… It reorganized its workforce around a new strategy focused on paymentsafter a major shift away from narratives of expansion and decentralized finance alone.

This change was followed by Polygon’s acquisition of more than $250 million, which included Coinmi, a US-regulated fiat/crypto exchange, and Sequence, a cross-chain wallet and payment infrastructure provider.

Together, these assets create the backbone of what Polygon now calls the Open Money Stack, a vertically integrated ecosystem for regulated stablecoin payments and on-chain money movement.

At the same time, Polygon continues to push network updates. Reinforced The promotion of Madhogiri It recently increased throughput and configured the chain to receive higher transaction volumes.

These changes are also reflected in the market. I saw The original POL coin from Polygon A noticeable increase in recent weeks.

It seems the internal movement has come at a cost.

So far, Polygon has not confirmed the aforementioned layoffs. But employee departures are clearly visible on social media platforms.