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

> HelixNews · Web page: https://helixnews.one/story/2442408 · All pages for agents: https://helixnews.one/llms.txt

3 outlets covering · First listed: CryptoPotato, Nov 12, 2026, 2:20 PM · Read it: <https://cryptopotato.com/polymarket-lays-off-employees-and-ends-contractor-deals-denies-reports-of-30-workforce-cuts/>

The company did not disclose how many employees and contractors were affected by the cuts.

## Who's covering it

In the order they published:

- Nov 11, 2026, 12:50 PM: [Polymarket Cuts Workforce After Stumbles Prompt Reorganization](<https://www.bloomberg.com/news/articles/2026-11-11/polymarket-cuts-workforce-after-stumbles-prompt-reorganization>) — Bloomberg (Business & finance, United States, rated Center)
  Polymarket 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.
- Nov 11, 2026, 1:11 PM: [Polymarket Cuts Staff and Contractors in Reorganization](<https://thedefiant.io/news/people/polymarket-cuts-staff-and-contractors-in-reorganization>) — The Defiant (Specialist)
  Marketing was a focus of the cuts, Front Office Sports reported, as Polymarket trails Kalshi despite rising reported revenue.
- Nov 12, 2026, 2:20 PM: [Polymarket Lays Off Employees and Ends Contractor Deals, Denies Reports of 30% Workforce Cuts](<https://cryptopotato.com/polymarket-lays-off-employees-and-ends-contractor-deals-denies-reports-of-30-workforce-cuts/>) — CryptoPotato (Specialist)
  The company did not disclose how many employees and contractors were affected by the cuts.