Polygon Labs announces second round of layoffs in 2026 as firm looks to finalize Coinme acquisition

Polygon Labs has announced another round of layoffs, marking the second such round in the span of a year, as the company focuses on finalizing its acquisition of Coinme. CEO Marc Boiron acknowledged the strain these changes have on the team. This move signals a strategic pivot to streamline operations and resources in line with its acquisition goals, highlighting the challenges and adjustments necessary in the fast-evolving blockchain sector. The layoffs reflect broader industry trends where firms are reevaluating workforce and costs amid shifting market dynamics.