MEGA Shifts Focus From Crypto Operations to AI With 20% Staff Cuts

TL;DR:

• MEGA executed a 20% reduction of its staff after months of internal restructuring, as reported by its co-founder Shuyao Kong.
• The announcement comes days after the MegaETH Foundation adopted its new name and allocated $30 million to artificial intelligence products.
• The company indicated that its founders, initial employees, and main engineering team will maintain their commitment to the network’s development.

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The MEGA company reduced its staff by 20% after months of internal restructuring, a few days after the MegaETH Foundation adopted its new commercial name and committed $30 million for the development of products initially focused on an AI inference market.

Over the past few months, we have restructured MEGA to move in a new direction.

We’ve brought together new capabilities and reorganized our teams, a process that has resulted in a 20% reduction in our staff. These are people who helped build MEGA from its earliest days (…

— Shuyao Kong (@hotpot_dao) November 13, 2026

Shuyao Kong, co-founder of MEGA, communicated this reduction through a post made on November 13 on X, detailing that the organization spent the last months preparing its transition towards a new operational direction. The affected employees were part of areas such as blockchain, wallet management, ecosystem support, and communications from the early stages of the project. 

The official statement did not specify the exact number of people impacted nor broke down the cuts by specific teams. However, Kong described these organizational changes as a process aimed at integrating new capabilities and reorganizing pre-existing teams within the corporate structure.

Maintenance of the core engineering and focus on artificial intelligence

During the announcement of the layoffs, Kong pointed out that the founders, the first employees, and the central engineering team continue committed to the project initiated three years ago under the original name of MegaETH. Likewise, she thanked the work of the outgoing collaborators and offered to facilitate contacts with possible employers. 

“According to the company’s report, cryptography and distributed systems will change the way the world produces and accesses purified intelligence,” indicated Kong in her message, adding that the organization has multiple goals ahead. 

The institutional name change does not replace the denomination of the blockchain network. The official website of the organization continues listing MegaETH as its blockchain division, while describing MOSS as an accounts layer that integrates a multi-device wallet with programmable permissions for users and artificial intelligence agents. 

For its part, the foundation announced its brand restructuring this past November 10, accompanied by a fund of $30 million coming from its treasury to promote products on the MegaETH network. The concept of inference refers to the execution of a previously trained artificial intelligence model to generate responses or other automated results.

Antecedents and perspectives of the ecosystem

The reorganization of the company was preceded by the closure of its accelerator, known as Mega Mafia, in the month of July. That program had supported about 20 teams that collectively raised $80 million, although most of the successful applications subsequently opted to develop on other alternative networks. 

Regarding the ecosystem token, this was launched on April 30 after fulfilling the first performance milestone with ten integrated applications. The issuance established a fixed supply of 10 billion units of MEGA, allocating 53.3% to staking rewards based on network performance. 

In May, the foundation activated a buyback program funded with stablecoins, completing its first acquisition with the net income generated by the issuer of the USDm asset until the close of April. Project data indicates that USDm reserves are mainly supported by BlackRock’s tokenized U.S. Treasury bond fund BUIDL, operated through Securitize.