According to Foresight News, Michael Blank, the Chief Operating Officer (COO) of Polygon Labs, is stepping down due to the company's executive layoffs. However, Blank will continue to support the company's blockchain-related products for the next few months. This follows a series of departures from Polygon Labs' leadership over the past year, including two co-founders, a former Chief Financial Officer (CFO), and a former president.
In March 2022, Polygon Labs hired Michael Blank as COO, Young Ko as CFO, and former Amazon executive Urvit Goel as Vice President of Game Business Development. The recent changes in the company's executive team are part of a broader trend of leadership shifts within the company.