MEGA, the organization behind the Ethereum layer-2 network MegaETH, said it cut its workforce by 20% after months of restructuring. Co-founder Shuyao Kong said staff working on blockchain, wallet, ecosystem support and communications left, but did not say how many employees were affected or when the cuts occurred.
MEGA is shifting toward products on MegaETH, including AI services, and has committed $30 million to that effort. Kong did not directly link the layoffs to the new strategy. MegaETH’s co-founders have proposed a market where users could choose among AI service providers; Kong said MEGA plans to launch a public version in December.
