COINTELEGRAPH · 2026-11-14 08:12 UTC

MegaETH parent cuts 20% of staff amid restructuring, AI push

MEGA, the organization behind Ethereum layer-2 network MegaETH, cut its workforce by 20% after months of restructuring as it expands into AI products. Co-founder Shuyao Kong said the affected staff worked on the blockchain, wallet, ecosystem support and communications teams, and did not disclose how many people were affected or when. MEGA has committed $30 million to its AI initiative, and plans a public inference market launch in December.

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