In a recent development, Polygon Labs announced a workforce reduction, eliminating 60 roles, accounting for approximately 19% of its staff. The decision was communicated by Marc Boiron, CEO of Polygon Labs, in an update shared with the Polygon Labs team.
Strategic Changes?
According to the statement released Thursday, the company has changed to “accelerate its progress, remove obstacles, strategically align teams, and maintain a strong focus on its mission within the web3 ecosystem.”
To achieve its goals “efficiently and effectively,” Polygon Labs said it recognized the need for a smaller, more agile team that could collaborate closely, accelerate projects, and perform at its “highest potential.”
According to Marc Boiron, the decision to reduce the workforce was driven by the desire to regain qualities such as “extreme” focus, diligence, efficiency, and agility that had been diluted during the team’s growth in the previous bull market.
Moreover, Boiron emphasized
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