# Polygon Labs Staff Lays Offs

*The layoffs are ties to a pending acquisition of Coinme. Polygon is directing full focus to payments.*

By [Ethereum News](https://ethdaily.io) · 2026-07-16

polygon, payments, layoff

---

Polygon Labs CEO Marc Boiron [announced](https://x.com/0xMarcB/status/2077734931434790989) layoffs as part of a broader restructuring tied to its pending acquisition of Coinme, a fiat-to-crypto on- and off-ramp provider licensed in 48 U.S. states. Polygon Labs now focusing on operating as a blockchain-enabled payments company. Leadership framed the layoffs as a structural change driven by different needs from the new focus.

The Coinme acquisition is in its final stages and will see that team integrated into Polygon Labs as part of a wider merger effort the company says is aimed at reaching profitability in 2027. Affected employees are being offered severance and support, and leadership said it would help connect departing staff with other hiring companies.

* * *

Disclaimer: Content is for informational and educational purposes only and does not constitute financial, investment, legal, or other professional advice. No representations or warranties are made as to accuracy, completeness, or timeliness. Use of this content is at your own risk, and you should consult a qualified professional before making decisions. No fiduciary or advisory relationship is created.

---

*Originally published on [Ethereum News](https://ethdaily.io/polygon-labs-staff-lays-offs)*