The round of layoffs was part of Polygon transitioning operations to payments following a $250 million deal to acquire Coinme and Sequence in January.
Polygon Labs CEO Marc Boiron announced the second round of layoffs for 2026, as the firm moved to finalize the Coinme acquisition.
"Two rounds of changes in one year is a lot to ask of a team, and I understand it is hard to manage," Polygon Labs CEO Marc Boiron said.
