According to sources, about 60 employees have left the company. Polygon emphasized that this is not a large-scale business cutback but rather a restructuring related to the integration of teams following the acquisition of Coinme and Sequence for over $250 million.
Mark Bouwman, CEO of Polygon Labs, stated that the company is completing its transition from a blockchain infrastructure developer to a blockchain payments platform.
He said this strategy should enable Polygon Labs to become profitable as early as 2027.
Continue reading this article on source: theblock.co