Following the acquisition, Polygon laid off nearly 30% of its workforce to facilitate its transition to stablecoin payments.

PANews reported on January 16th that, according to BeInCrypto, sources familiar with the matter stated that Polygon recently implemented a large-scale internal layoff, with approximately 30% of its employees being laid off this week. On social media, numerous Polygon employees and ecosystem members have posted announcements of departures or team changes. These layoffs occurred after Polygon's strategic shift towards stablecoin payments and the completion of its $250 million acquisition of Coinme and Sequence. Kurt Patat, Head of Communications at Polygon Labs, confirmed that the layoffs are part of the post-acquisition team integration measures, and the company's total headcount is expected to remain stable.