Pump.fun Layoffs Spark Fury After Workers Miss Million-Dollar Token Payouts
Former Pump.fun employees say they were dismissed two months before their PUMP tokens vested. Weeks after those dates passed, the team unlocked 50 billion tokens of its own.
An anonymous X (Twitter) account claiming to speak for more than 40 ex-staff began publishing termination emails this week. Pump.fun has not addressed the allegations publicly.
April Brought Layoffs and a $370 Million Burn
Sandmark reported that the Solana launchpad terminated contracts in early April. A quarter of each staff allocation was due to vest roughly two months later. Grant agreements had been signed in mid-June 2025, according to documents the outlet reviewed.
Co-founder Noah Tweedale attributed the cuts to a business that "grew too quickly" and could no longer move "fast and rough." Severance ran to one week of salary for every month worked. One departing employee reportedly lost PUMP worth seven figures at current prices.
That same month, however, the platform destroyed $370 million of repurchased PUMP, wiping out roughly 36% of circulating supply. Co-founder Alon Cohen defended the April token burn at the time.
โฆ Continue reading the full article at the original source below.
