Polygon Labs Restructures Workforce Amid Shift to Payment-Focused Blockchain Strategy

Polygon Labs, the company behind the Ethereum scaling network Polygon, has laid off around 60 employees following its recent acquisitions of Coinme and Sequence, which together were valued at more than $250 million. According to a source familiar with the situation, the layoffs are part of a broader restructuring effort as Polygon pivots toward becoming a payment-focused blockchain platform.

Source: tokenpost.com

Related symbols: MATICUSD

2026-01-17 00:44:02 GMT.