Polygon Labs Acquires Coinme, Enters Final Stage and Initiates Layoffs

Polygon Labs CEO Marc Boiron stated that the acquisition of Coinme has entered its final stage, and after the deal is completed, the Coinme team will be integrated into Polygon Labs. This integration is part of a broader merger plan aimed at driving Polygon Labs to profitability by 2027. During the integration process, Polygon Labs has laid off several employees. Marc mentioned that the company is transitioning from a blockchain foundation to a blockchain payment company, which requires different structures and talent configurations. This adjustment is due to a change in the company's development direction and is unrelated to the work quality of the departing employees. Polygon Labs is currently performing strongly in revenue, with stablecoin trading volumes consistently reaching new highs, client reserves exceeding expectations, and on-chain payment solutions being rapidly launched. The company will provide severance compensation and related support to affected employees.