Polygon layoffs of 30% on a large scale, payment-first strategy becomes a turning point

ZkSnarker · 2026-01-16T00:22:11+00:00

Polygon recently laid off about 30%, and this is not the first time downsizing has occurred. This move is related to its strategic transformation. The company is restructuring around the "payment first" approach, having previously carried out large-scale acquisitions based on expansion and the DeFi ecosystem, investing over $250 million to address deposit and cross-chain payment issues. This adjustment aims to concentrate resources to support new development directions.

ZkSnarker

2026-01-16 00:22:11

Abstract generation in progress

【Blockchain Rhythm】Polygon’s personnel adjustments this week have attracted a lot of attention. According to insiders, the company laid off about 30% of its staff this week. This is not the first time Polygon has significantly downsized—the team was already cut by nearly 20% in 2024.

What seems like a sudden move actually has its reasons. Polygon Labs previously announced that they would reorganize around a new “Payment First” strategy. Building on their earlier expansion narrative and DeFi ecosystem development, they are making a major strategic shift.

Behind this change are also Polygon’s major acquisitions over the past two years. The acquisitions alone totaled over $250 million. The integration of Coinme addressed the pain point of fiat on-ramps (legal channels in the US), while Sequence focuses on wallet and cross-chain payment infrastructure. From these acquisitions, it’s clear that Polygon is paving the way for a payment ecosystem. To some extent, this personnel adjustment is about consolidating resources for this new direction.

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JustHereForAirdrops

· 5h ago

Laying off 30% to focus on payments? Sounds good, but in reality, it's just a bet that went wrong. Losing $250 million in a wash, and only now realizing it.

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hodl_therapist

· 22h ago

30% of the people got off, and the remaining are betting that this move will turn things around.

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FOMOmonster