MEGA, the organization behind Ethereum layer-2 network MegaETH, has cut 20% of its staff after months of restructuring as it moves further into artificial intelligence products, co-founder Shuyao Kong said Friday.
Kong said the reorganization led to departures among employees who worked on the project’s blockchain, wallet, ecosystem support and communications. She did not disclose how many employees were affected or when the layoffs took place.
MEGA’s founders, early employees and core engineering team remain committed to the organization, according to Kong.
“We’ve brought together new capabilities and reorganized our teams, a process that has resulted in a 20% reduction in our staff,” Kong said. “These are people who helped build MEGA from its earliest days.”
AI focus and $30 million commitment
The workforce reduction comes as MEGA shifts focus toward developing products on the MegaETH network, including AI services. The organization has committed $30 million to the initiative, though Kong did not directly link the layoffs to the new strategy.
In a whitepaper, MegaETH co-founders Yilong Li and Lei Yang outlined a proposed inference market designed to give users access to competing AI service providers. The proposal seeks to address concerns about whether providers use the advertised models and how they handle customer data.
Kong said MEGA plans to launch a public inference market in December.
