Polygon Layoffs
January 2026
Polygon announced a layoff affecting 60 employees in January 2026. The company operates in the Crypto sector.
60
Jan 16, 2026
About
Polygon Labs, the company behind the Ethereum scaling network Polygon, has laid off 60 employees as part of a restructuring following its acquisitions of Coinme and Sequence for over $250 million. The layoffs, reported in January 2026, were implemented to address role overlaps and keep the overall headcount consistent after integrating staff from the acquisitions, maintaining a workforce of nearly 200 people. This move aligns with the company's pivot toward a payment-focused blockchain and marks its third major round of layoffs in three years, following reductions in 2023 and 2024 aimed at improving operational efficiency.
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