Crypto
MegaETH Developer Cuts 20% of Workforce Amid Restructuring
MEGA, the developer of MegaETH, has laid off 20% of its staff during a restructuring process while continuing to invest in AI services.
Mercation Admin
November 15, 2026 1 min read
MEGA, the organization behind the Layer 2 project MegaETH, has announced a 20% reduction in its workforce as part of a restructuring effort, according to co-founder Shuyao Kun. The layoffs affected employees involved in blockchain development, wallet services, ecosystem support, and communications, although the exact number of positions eliminated has not been disclosed.
In tandem with these changes, MEGA is advancing applications within its network, including artificial intelligence services. The company has allocated $30 million for such initiatives, and plans to launch an open platform in December where users can select service providers for AI model query processing.



