In February 2023, Polygon announced layoffs affecting about 100 people as part of internal restructuring efforts.
Polygon Labs CEO Marc Boiron announced the firm would be cutting 60 staff members “for the sake of enhanced performance.”
In a Feb. 1 blog post, Boiron said the “difficult, but necessary” staff cuts affected roughly 19% of team members at Polygon. According to the CEO, the layoffs were not due to any financial reasons but an attempt to create an “efficient surgical team, with significantly less bureaucracy.”
“This decision is not an easy one,” said Boiron. “Right-sizing for the sake of enhanced performance, rather than for financial reasons, may seem unconventional.”
