According to Bloomberg, Polymarket confirmed today (November 12) that it is undergoing a restructuring involving layoffs and termination of contractor partnerships. The company verified an internal email screenshot that circulated on X last week announcing company-wide layoffs this month. Polymarket stated in a statement that the restructuring includes new employee hiring, staff adjustments, and departures as the company evolves under new leadership, but declined to disclose specific headcount figures.

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