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Polygon made a major move this week—about three employees were laid off. Although the official statement has not been released yet, many affected team members and ecosystem participants have confirmed this on social media.
Speaking of why they suddenly took this action, it all starts with Polygon's recent strategic moves. The company first acquired Coinme and Sequence, then shifted its development focus from purely scaling and DeFi to a payments-first approach. This organizational adjustment aligns perfectly with their ongoing Open Money Stack plan—essentially reorganizing the team for the new strategy.
Interestingly, while they are restructuring internally, the POL token price has actually been rising. Coupled with recent upgrades to network throughput, from a performance perspective, Polygon is indeed making progress. However, Polygon Labs has not issued any official response so far.