Headline: Polygons Strategic Shift to Stablecoin Payments Leads to Workforce Reductions Translation: Polygons Strategic Shift to Stablecoin Payments Leads to Workforce Reductions

Polygon Labs has initiated layoffs as part of a strategic shift towards stablecoin payments, as announced by CEO Mark Buaron.

He clarified that the decision stemmed from a restructuring of the business rather than employee performance.

“Departing colleagues are exceptional professionals, and we are immensely grateful for everything they have contributed to Polygon. We are committed to providing active support during this transitional time,” Buaron stated.

The company did not disclose the extent of the reorganization. According to some sources, the workforce might be reduced by 30%.

A number of employees have confirmed their layoffs, with many expressing optimism about Polygon’s future.

This news comes just days after Polygon Labs revealed the acquisition of payment firm Coinme and the developer platform Sequence for up to $250 million.

Buaron characterized these acquisitions as part of a long-term strategy to narrow the company’s mandate: “In recent months, we have focused Polygon Labs’ mission on one goal: to move all money onto the blockchain.”

He also mentioned that the collaboration with Coinme and Sequence has brought “deep expertise in regulated payments, wallets, and interactions.”

The layoffs are another step in Polygon’s restructuring process. Earlier this year, in early 2024, the project laid off 19% of its workforce and established two new divisions—Polygon Ventures and Polygon ID. Management referred to these steps as an optimization of operations and an enhancement of focus.

Prior to this, the company had already reduced its headcount by 20%, affecting around 100 employees.

It is worth noting that in June 2025, co-founder Sandeep Nailwal took full control of the Polygon Foundation as its first CEO.