Wu Blockchain (@WuBlockchain): Polygon Labs Announces Layoffs, Shifts From Blockchain Foundation to Blockchain Payments Company

Polygon Labs Announces Layoffs, Shifts From Blockchain Foundation to Blockchain Payments Company Polygon Labs CEO Marc Boiron said the company is in the final stage of acquiring Coinme and integrating its team. To achieve profitability in 2027, Polygon Labs is transitioning from a blockchain foundation to a blockchain payments company. Boiron said the layoffs are driven by the company's strategic shift rather than employee performance. Polygon Labs added that affected employees will receive severance packages and career placement support.