TechnologyUS

Polygon Labs Layoffs

February 2024

Polygon Labs announced a layoff affecting 60 employees (19% of its workforce) in February 2024. The company operates in the Technology sector.

People Affected

Percentage

19%

Announced Date

Feb 1, 2024

About

Polygon Labs laid off 60 employees, about 19% of its staff, as announced by CEO Marc Boiron on Thursday. The layoffs aim to create a more efficient team with less bureaucracy, following growth during the crypto bull market. Affected employees will receive two months severance and health benefits, while remaining staff get a 15% compensation increase.