Polygon lays off about 30% of staff to focus on stablecoin payment development

AIcoin2026/01/15 22:39

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Polygon has laid off approximately 30% of its workforce, an adjustment related to the integration following its $250 million acquisitions of Coinme and Sequence. Polygon stated that the layoffs are part of the post-acquisition integration plan, and the total number of employees is expected to remain stable. Previously, Polygon announced a strategic transformation, focusing on the payments sector and promoting the construction of an "open money stack" to support compliant stablecoin payments and on-chain capital flows. The Polygon CEO said that the consolidation of some positions was a necessary decision, but the overall team size will remain roughly unchanged.

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According to Freddie Mac data, the 30-year fixed mortgage rate has risen to 7.4%, the highest level in nearly three years. Data from real estate brokerage Redfin shows that the volume of existing home pending sales in September fell 4% month-on-month, marking the largest single-month drop in over three years and hitting the lowest level since 2014. Nearly one-fifth of sellers have reduced prices, and the home purchase contract cancellation rate has reached a record high of 14.5%. Inventory levels have risen to the highest since March 2020, but high financing costs continue to constrain transactions.

华尔街见闻•2026/10/12 20:41