MegaETH Parent MEGA Trims 20% of Staff, Redirects $30M to AI
MEGA, the parent company behind Ethereum layer-2 project MegaETH, has cut 20% of its workforce, per Cointelegraph. The layoffs hit builders of its chain and its wallet. At the same time, $30M is being funneled into AI products.
- 2 sources report it: X account @Cointelegraph, ct.com.
- The source published it on Nov 14, 2026 at 9:30 PM.
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MEGA, the parent company of MegaETH, has laid off 20% of its staff, according to a report from Cointelegraph. The cuts reached the teams that built both the chain and the wallet tied to the project. No names or specific roles were disclosed.
Alongside the layoffs, MEGA is steering $30M toward AI products, per the same report. The funding shift signals where the company's priorities now sit as it trims headcount.
MegaETH is an Ethereum layer-2 project, and the departures of staff who built its core chain and wallet products mark a significant shake-up inside the operation. Cointelegraph characterized the news as breaking, without detailing a timeline for the cuts.
The report did not say how many employees the 20% figure represents, which roles were spared, or how the $30M will be deployed across AI work. Cointelegraph did not share further comment from MEGA or MegaETH.
TopicsMEGA · MegaETH · Cointelegraph · Ethereum
Written by Paparazzi with AI. Not financial advice.
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