Polygon Labs has laid off employees as part of a strategic shift towards stablecoin payments. This was announced by CEO Marc Buaron.

Over the past few months, we’ve sharpened Polygon Labs’ focus around one mission: moving all money onchain.

As part of that journey, we are acquiring Coinme and Sequence. These teams bring deep expertise across regulated payments, wallets, and interop. As we begin integrating…

— Marc | Polygon Labs (💜,⚔️, ※) (@0xMarcB) January 15, 2026

He explained that the decision was driven by a change in business structure, not employee performance.

“The departing colleagues are exceptional professionals, and we are immensely grateful for everything they have done for Polygon. We are committed to actively supporting them during this transition,” Buaron wrote.

The company did not specify the extent of the reorganization. According to some sources, the workforce could shrink by 30%.

Some employees confirmed their layoffs. Many expressed optimism about Polygon's future.

My friends, I’m also part of the layoffs, but can honestly say I’m wildly a) proud and b) optimistic about what’s next for Polygon, for those affected, and for me. There has never been a better time to be a builder, and that is even more true today.

If any folks need a reconnect… https://t.co/hqIQKNf3KK

— Mattie Fairchild (@Scav) January 15, 2026

New Direction

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

Buaron described the 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 noted that collaboration with Coinme and Sequence has brought "deep expertise in regulated payments, wallets, and interoperability."

The layoffs mark another phase in Polygon's restructuring. Earlier in 2024, the project laid off 19% of its staff and formed two new divisions—Polygon Ventures and Polygon ID. Management described these steps as operational optimization and increased focus.

Previously, the company reduced its workforce by 20%, affecting around 100 employees.

In June 2025, Polygon co-founder Sandeep Nailwal took full control of the Polygon Foundation as its first CEO.