Polygon Reduces Workforce Following $250 Million Acquisition of Payment Firms

Polygon Labs cuts staff amid strategic shift to stablecoin payments.

Polygon Labs has reduced its workforce, announcing a strategic shift towards stablecoin payments. This was disclosed by the company’s CEO, Marc Boiron.

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 rather than employee performance.

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

The company did not specify the scale of the reorganization. According to some sources, the workforce could be reduced by 30%.

Some employees confirmed the 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

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

Boiron 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: moving all money onchain.”

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

The layoffs mark another phase in Polygon’s restructuring. At the beginning of 2024, the project laid off 19% of its staff and formed two new divisions — Polygon Ventures and Polygon ID. The management described these steps as optimizing operations and increasing focus.

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

Back in June 2025, Polygon co-founder Sandeep Nailwal assumed full control of the Polygon Foundation as its first CEO.