Polymarket confirms staff cuts during restructuring
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Polymarket said it had reduced staff and contractor numbers during an organisational restructure, but did not disclose how many people were affected. It said marketing and creative roles were among those affected and rejected social-media claims that it had cut 30% of its workforce.
Polymarket said it had cut staff and contractors as part of an organisational restructuring, without disclosing how many people were affected. Marketing and creative roles were among those affected.
Polymarket denied online claims that 30% of its workforce had been eliminated. A majority of those affected were contractors, according to Reuters, which cited a person familiar with the matter.
The changes followed company growth and the arrival of new leaders, a Polymarket spokesperson told Front Office Sports; they involved hiring and personnel changes as well as departures. Recent appointees include chief financial officer Warren Jenson, institutional growth head Lisa Mantil and chief growth officer Travis VanderZanden, a former Uber executive.