Polymarket has confirmed layoffs and contractor terminations as part of a company-wide restructuring. This reorganization follows the arrival of new executives and aims to prepare the business for future growth. The company disputed reports of a 30% workforce reduction, stating the figure was inaccurate. Reductions primarily impacted marketing, customer experience, and engineering teams, with contractors making up over half of those affected. Polymarket intends to continue hiring as it develops its next phase of operations.
United States
https://www.yogonet.com/international/news/2026/11/12/127273-polymarket-confirms-layoffs-and-contractor-cuts-amid-restructuring-kalshi-competition