Polygon reportedly cuts nearly 30% of staff following acquisitions

Beincrypto reports that Polygon has laid off nearly 30% of its workforce, according to industry insiders and social media postings.

The reductions follow Polygon’s pivot toward stablecoin payments and its more than $250 million acquisition spree, including Coinme and Sequence, assets the company says form an Open Money Stack for regulated stablecoin payments and on‑chain money movement. Sources and ecosystem figures said staff exits are being posted across social channels; Polygon previously cut nearly 20% of staff in 2024 and recently realigned around a payments‑first strategy while rolling out the Madhugiri upgrade and seeing its POL token rally.

Kurt Patat, head of communications at Polygon Labs, told the outlet that impacted employees are having live, direct conversations with managers and that the restructuring is tied to post‑acquisition integration, with overall headcount expected to remain roughly even. At the same time, multiple people familiar with the matter said about 30% were dismissed this week and departures remain visible on social platforms, leaving the scale of cuts disputed.

Key Topics

Crypto, Polygon, Coinme, Sequence, Open Money Stack, Stablecoin Payments