Polygon Labs Cuts 60 Jobs After Strategic $250M Hermez Network Acquisition

Polygon Labs, the developer behind the popular Ethereum scaling solution Polygon (MATIC), has reportedly reduced its workforce by 60 employees. This staff reduction comes shortly after the company's major $250 million acquisition of the Hermez Network, a zero-knowledge rollup project. The move is described by sources as a strategic realignment to integrate the two teams more efficiently and eliminate redundancy following the merger. While layoffs often signal internal challenges, Polygon frames this decision as a step towards streamlining operations and focusing resources on core development goals, including advancing its zk-rollup technology. The crypto community is watching closely to see how this consolidation impacts the future roadmap of the Polygon ecosystem and its native token, MATIC.