CEO Marc Boiron said he would personally vouch for Polygon employees expected to be let go amid the company transitioning to blockchain-enabled payments.

Polygon Labs laid off about 60 employees as it moves forward with $250M+ acquisitions of Coinme and Sequence, pivoting toward regulated stablecoin payments.

"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.