Polygon Axes 30% Workforce, Eyes Stablecoin Domination Post-Acquisitions
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Polygon Labs has laid off approximately 30% of its workforce as part of a restructuring aimed at focusing on stablecoin-based payments. CEO Marc Boiron acknowledged the layoffs in a public statement, although the exact number of job cuts was not disclosed.
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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.
