Polygon Labs CEO Marc said the company is in the final stage of completing its acquisition of Coinme and plans to fold that team into Polygon Labs as part of a broader consolidation effort. He said the move is intended to help the company reach profitability in 2027. As part of that transition, Polygon Labs decided on the same day to part ways with some employees while shifting from what Marc described as a "blockchain foundation" to a "blockchain payments company." Marc said the decision reflected changes in organizational structure and talent needs rather than the abilities of departing staff. He also said the company has strong revenue, record stablecoin transaction volume, customer channels performing above expectations, and an onchain payments solution already live. According to Marc, affected employees will receive severance and support, and he invited firms that are hiring to get in touch.
Polygon Labs CEO Marc said the company is in the final stage of completing its acquisition of Coinme, with plans to integrate the Coinme team into Polygon Labs.
He said the step is part of a broader consolidation plan aimed at helping the company reach profitability in 2027.
Marc also said Polygon Labs decided the same day to part ways with some employees as it moves from a "blockchain foundation" to a "blockchain payments company." He said the change was driven by shifts in organizational structure and talent needs, not by any issue with the abilities of departing employees.
Marc added that the company currently has strong revenue, that stablecoin transaction volume continues to hit records, that customer channels are performing above expectations, and that its onchain payments solution is already live.
He said affected employees will receive severance and support, and added that organizations with hiring needs are welcome to contact him.
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