The post Polygon Axes 30% Workforce, Eyes Stablecoin Domination Post-Acquisitions appeared on BitcoinEthereumNews.com. Home » Crypto News What’s behind the latestThe post Polygon Axes 30% Workforce, Eyes Stablecoin Domination Post-Acquisitions appeared on BitcoinEthereumNews.com. Home » Crypto News What’s behind the latest

Polygon Axes 30% Workforce, Eyes Stablecoin Domination Post-Acquisitions

Home » Crypto News


What’s behind the latest lay-off spree?

‘;
}

function loadTrinityPlayer(targetWrapper, theme,extras=””) {
cleanupPlayer(targetWrapper); // Always clean first ✅
targetWrapper.classList.add(‘played’);
// Create script
const scriptEl = document.createElement(“script”);
scriptEl.setAttribute(“fetchpriority”, “high”);
scriptEl.setAttribute(“charset”, “UTF-8”);

const scriptURL = new URL(`https://trinitymedia.ai/player/trinity/2900019254/?themeAppearance=${theme}${extras}`);
scriptURL.searchParams.set(“pageURL”, window.location.href);

scriptEl.src = scriptURL.toString();

// Insert player
const placeholder = targetWrapper.querySelector(“.add-before-this”);
placeholder.parentNode.insertBefore(scriptEl, placeholder.nextSibling);
}

function getTheme() {
return document.body.classList.contains(“dark”) ? “dark” : “light”;
}

// Initial Load for Desktop
if (window.innerWidth > 768) {

const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper, getTheme(),’&autoplay=1′);
});
}
}

// Mobile Button Click
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper, getTheme(),’&autoplay=1′);
});
}
function reInitButton(container,html){
container.innerHTML = ” + html;
}

// Theme switcher
const destroyButton = document.getElementById(“checkbox”);
if (destroyButton) {
destroyButton.addEventListener(“click”, () => {
setTimeout(() => {
const theme = getTheme();
if (window.innerWidth > 768) {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if(desktopWrapper.classList.contains(‘played’)){
loadTrinityPlayer(desktopWrapper, theme,’&autoplay=1′);
}else{
reInitButton(desktopWrapper,’Listen‘)
const desktopBtn = document.getElementById(“desktopPlayBtn”);
if (desktopBtn) {
desktopBtn.addEventListener(“click”, function () {
const desktopWrapper = document.querySelector(“.desktop-player-wrapper.trinity-player-iframe-wrapper”);
if (desktopWrapper) loadTrinityPlayer(desktopWrapper,theme,’&autoplay=1’);
});
}
}
} else {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if(mobileWrapper.classList.contains(‘played’)){
loadTrinityPlayer(mobileWrapper, theme,’&autoplay=1′);
}else{
const mobileBtn = document.getElementById(“mobilePlayBtn”);
if (mobileBtn) {
mobileBtn.addEventListener(“click”, function () {
const mobileWrapper = document.querySelector(“.mobile-player-wrapper.trinity-player-iframe-wrapper”);
if (mobileWrapper) loadTrinityPlayer(mobileWrapper,theme,’&autoplay=1′);
});
}
}
}
}, 100);
});
}
})();



Summarize with AI



Summarize with AI

Polygon Labs has carried out another round of layoffs. The company has reportedly cut around 30% of its workforce as it restructures and pivots toward stablecoin-based payments, according to multiple posts and disclosures from affected employees on the social media platform X.

While Polygon Labs has not publicly disclosed the exact number of roles eliminated, its CEO, Marc Boiron, later confirmed the workforce reduction in a public statement.

Brutal 30% Cuts

The latest job cuts appear to be part of an organizational reset as Polygon moves away from a primarily infrastructure-focused strategy toward building what it describes as a payments-first blockchain platform.

Back in 2024, Polygon reduced its headcount by 19%, after eliminating almost 60 roles in what it described at the time as an effort to form a more “efficient surgical team.” It had also granted remaining employees a minimum 15% salary increase. A year earlier, in 2023, the company behind the Layer 2 network cut approximately 20% of its workforce, which impacted around 100 positions.

The latest restructuring comes days after Polygon Labs agreed to acquire US-based crypto payments firm Coinme and wallet infrastructure provider Sequence in deals worth more than $250 million combined to offer regulated stablecoin payments in the US. Those acquisitions provide Polygon with access to Coinme’s network of US money-transmitter licenses, fiat on- and off-ramps, and Sequence’s embedded wallet technology and cross-chain payment tools used by banks, fintech companies, and enterprises.

In an X post announcing the changes, Boiron said the company has spent the past few months “sharpening” its focus around a single mission – moving all money on-chain. He stated that as Coinme and Sequence are integrated into a combined organization, Polygon decided to consolidate overlapping roles. Boiron added that while overall headcount is expected to remain roughly similar after the restructuring, the composition of the workforce will change to support its payments strategy.

The exec also added that the layoffs were about structure and not related to performance.

You may also like:

SPECIAL OFFER (Exclusive)

SECRET PARTNERSHIP BONUS for CryptoPotato readers: Use this link to register and unlock $1,500 in exclusive BingX Exchange rewards (limited time offer).

Source: https://cryptopotato.com/polygon-axes-30-workforce-eyes-stablecoin-domination-post-acquisitions/

Market Opportunity
Helium Mobile Logo
Helium Mobile Price(MOBILE)
$0.0001428
$0.0001428$0.0001428
+2.14%
USD
Helium Mobile (MOBILE) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Talos Extends Series B to $150M With Strategic Institutional Investors

Talos Extends Series B to $150M With Strategic Institutional Investors

The post Talos Extends Series B to $150M With Strategic Institutional Investors appeared on BitcoinEthereumNews.com. Talos raises an additional $45 million in a
Share
BitcoinEthereumNews2026/01/31 07:49
Headwind Helps Best Wallet Token

Headwind Helps Best Wallet Token

The post Headwind Helps Best Wallet Token appeared on BitcoinEthereumNews.com. Google has announced the launch of a new open-source protocol called Agent Payments Protocol (AP2) in partnership with Coinbase, the Ethereum Foundation, and 60 other organizations. This allows AI agents to make payments on behalf of users using various methods such as real-time bank transfers, credit and debit cards, and, most importantly, stablecoins. Let’s explore in detail what this could mean for the broader cryptocurrency markets, and also highlight a presale crypto (Best Wallet Token) that could explode as a result of this development. Google’s Push for Stablecoins Agent Payments Protocol (AP2) uses digital contracts known as ‘Intent Mandates’ and ‘Verifiable Credentials’ to ensure that AI agents undertake only those payments authorized by the user. Mandates, by the way, are cryptographically signed, tamper-proof digital contracts that act as verifiable proof of a user’s instruction. For example, let’s say you instruct an AI agent to never spend more than $200 in a single transaction. This instruction is written into an Intent Mandate, which serves as a digital contract. Now, whenever the AI agent tries to make a payment, it must present this mandate as proof of authorization, which will then be verified via the AP2 protocol. Alongside this, Google has also launched the A2A x402 extension to accelerate support for the Web3 ecosystem. This production-ready solution enables agent-based crypto payments and will help reshape the growth of cryptocurrency integration within the AP2 protocol. Google’s inclusion of stablecoins in AP2 is a massive vote of confidence in dollar-pegged cryptocurrencies and a huge step toward making them a mainstream payment option. This widens stablecoin usage beyond trading and speculation, positioning them at the center of the consumption economy. The recent enactment of the GENIUS Act in the U.S. gives stablecoins more structure and legal support. Imagine paying for things like data crawls, per-task…
Share
BitcoinEthereumNews2025/09/18 01:27
Tether Achieves Record-Breaking $10 Billion Net Profit as Gold Strategy Redefines Stablecoin Reserves

Tether Achieves Record-Breaking $10 Billion Net Profit as Gold Strategy Redefines Stablecoin Reserves

Tether's extraordinary financial performance in 2025 has fundamentally altered the stablecoin landscape, generating over $10 billion in net profit while amassing
Share
Blockchainmagazine2026/01/31 08:04