Polymarket Says Viral Contractor-Cut Email Is Real, Won’t Say How Many Jobs Went

Polymarket on Nov. 11 reportedly confirmed that the termination email circulating on X since Nov. 4 was authentic. The prediction market said it had let go of contractors and some full-time staff, but rejected online claims about the scale in a reported statement to FOX Business.
The email, which was posted on X on Nov. 4, told recipients that “as part of a company-wide reduction in force, we’ve made the decision to end your contractor engagement with Polymarket effective Wednesday, November 4, 2026.” The poster said the cuts impacted 30% of the workforce. Polymarket in a reported statement to FOX Business rejected that number but declined to give a figure.
Polymarket did not immediately respond to a request for comment from Unchained.

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Contractors Took Most of the Cuts
Contractors made up the majority of those cut, and the email went only to contractors, FOX Business reported, citing a person familiar with the matter. The cuts fell mostly on marketing, customer experience and engineering, after Polymarket’s incoming executives took stock of headcount and team structure, FOX Business reported.
“As we’ve grown and brought on new leadership, we’ve reorganized to set the company up for its next phase of growth, which has meant a lot of new hires, changes in personnel and letting some people go,” Polymarket reportedly said in a statement.
A spokesperson reportedly added that the company was “grateful to the team that got us here.”
New Executives Behind the Reorganization
The reorganization follows a run of senior hires. Warren Jenson, who previously ran finance at Amazon, joined in September as Polymarket’s first chief financial officer. Travis VanderZanden, previously an Uber executive, has been chief growth officer since earlier this year.
Bloomberg reported other recent arrivals from Goldman Sachs, DoorDash and Robinhood, and has reported that investors pushed founder Shayne Coplan to run the company with more discipline.
Related Listen: Strategy Sold Bitcoin. Polymarket Can’t Agree on When

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