Polymarket Lays Off Employees and Ends Contractor Deals, Denies Reports of 30% Workforce Cuts

First reported by Bloomberg at Wed 12:50 PM · 3 outlets in all

1. CryptoPotato1hPolymarket Lays Off Employees and Ends Contractor Deals, Denies Reports of 30% Workforce CutsThe company did not disclose how many employees and contractors were affected by the cuts.
2. The Defiant26hPolymarket Cuts Staff and Contractors in ReorganizationMarketing was a focus of the cuts, Front Office Sports reported, as Polymarket trails Kalshi despite rising reported revenue.
3. Bloomberg(subscription required)27hPolymarket Cuts Workforce After Stumbles Prompt ReorganizationPolymarket has laid off staff and severed ties with a number of contractors as part of a broader effort to recover from several stumbles that have left it lagging its main rival.