Pump.fun reportedly let go of at least 40 employees just one day before their PUMP token grants were set to vest, according to insider accounts and leaked documents. Some affected workers lost token allocations now worth seven figures, highlighting the high stakes behind these last-minute cuts.
The layoffs occurred between late March and early April, following rapid company growth. Co-founder Noah Tweedale admitted the firm had scaled too quickly, necessitating job cuts. Severance was paid based on tenure, but many departed weeks before their PUMP grants finalized in June 2025 became accessible.
A new social media account named “ex pump employee” claimed additional layoffs happened mid-July, dismissing all staff just before token vesting. They also said no airdrop was ever planned, stating the company opposed handing out "free money" to users. Pump.fun has yet to publicly address these serious allegations.
At press time, PUMP trades around $0.002, up 5% in 24 hours but down 77% from last September’s peak. This sharp decline contrasts with the huge token values some former employees forfeited after being cut prematurely.
Material is for informational purposes only, not financial advice.
