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.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
7 Likes
Reward
7
5
Repost
Share
Comment
0/400
MEVVictimAlliance
· 6h ago
Laying off 30% of staff and still raising prices, this luck is indeed exceptional. It seems the market is really into strategic adjustments.
View OriginalReply0
BearHugger
· 7h ago
Three employees laid off and still no response, this operation is a bit outrageous.
View OriginalReply0
RektRecovery
· 7h ago
ngl, the classic "restructure to hide layoffs" playbook... i've seen this one before. token pumps while people lose jobs? predictable vulnerability in the comms strategy tbh
Reply0
Anon4461
· 7h ago
Laying off 30% of staff and still pushing the market up, this move is absolutely clever... Really want to see how the officials justify this.
View OriginalReply0
PretendingToReadDocs
· 7h ago
Laying off 30% of staff can still boost the coin price; this move is quite bold.
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.