Pump Fun is firing staff and its company filings are overdue, report

Memecoin platform Pump Fun reportedly fired staff members months before their Pump Fun tokens were about to be unlocked, leaving one employee cut off from a potential seven-figure payout.

That’s according to crypto news outlet Sandmark, which obtained recordings and files on the firings.

It reports that Pump Fun was able to grow its employee count to 100 this year. However, recordings of a March meeting revealed the platform’s co-founder Noah Tweedale telling staff that layoffs were needed as Pump Fun “grew too quickly” and couldn’t move “fast and rough.”

Sandmark claims that several employees were terminated in April. Many of those affected reportedly signed a token agreement in mid-June 2025 that would’ve seen a quarter of their Pump Fun tokens unlocked two months later.

According to one X account claiming to campaign on behalf of Pump Fun employees who were laid off before their vesting period unlocked, over 40 staff members have faced the chop in the last two months.

The account’s owner says they were laid off just one day before the vesting period unlocked, and that many of the employees were “treated like cattle.”

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