Not a Performance Issue, Boiron Insists
CEO Marc Boiron says the cuts reflect strategy shifts, not employee performance. In his statement, he drew a sharp distinction between how a blockchain foundation functions internally versus how a payments-focused company needs to operate, arguing the shift demands different staffing and organizational structure altogether, not simply a different product roadmap.
Affected staff will receive severance pay plus career placement support as well, Boiron confirmed, adding that he personally intends to vouch for departing employees to other companies looking to hire.
Momentum Behind the Timing
Boiron pointed to underlying business strength as the reason for acting now rather than later. Boiron says both stablecoin volume and customer demand are hitting record highs, and he noted that Polygon’s onchain payments product launched faster than the team had anticipated.
He acknowledged the irony directly in his post, noting that many of the employees departing were the same people responsible for building that momentum in the first place.
Pushback Over Wording
Not everyone found Boiron’s explanation clear. One commenter, a builder identified as venturefounder, questioned the framing entirely, pointing out that Polygon Labs has always operated as a for-profit entity, while the separate Polygon Foundation is the nonprofit structure historically associated with blockchain governance. He asked Boiron to clarify what “moving from a blockchain foundation to a payments company” actually meant given that corporate structure.
Boiron responded directly, clarifying that his original wording referred to how the company operates, not a change to its legal or corporate structure. He emphasized the distinction between operating like a blockchain foundation versus operating like a blockchain-enabled payments company, rather than describing any formal entity change.
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