MEGA Reduces Staff by 20% While Redirecting $30 Million Toward AI
MEGA cut 20% of its workforce following months of restructuring and a rebranding that moved the project toward artificial intelligence products.
MEGA cut 20% of its workforce following months of restructuring and a rebranding that moved the project toward artificial intelligence products. This is an original Token Times brief synthesising 2 outlets (CoinEdition, Crypto Economy), with their figures cross-checked, plus live market data, as of Sat, 14 Nov 2026 08:45:02 UTC.
The layoffs place MEGA’s organizational scale and continued engineering leadership against its newly stated AI direction, while the $30 million allocation makes that strategy a material part of the project’s resource commitment.
- MEGA reduced its workforce by 20% after months of restructuring.
- CoinEdition and Crypto Economy both report a $30 million AI allocation.
- The announcement came three days after the MegaETH Foundation rebranded.
- Bitcoin fell 2.57% over 24 hours as market sentiment registered extreme fear.
CoinEdition and Crypto Economy both report that MEGA reduced its workforce by 20% after months of internal restructuring, with co-founder Shuyao Kong announcing the change. Both outlets also report that the MegaETH Foundation renamed itself and committed $30 million to artificial intelligence products shortly before the layoff announcement. CoinEdition adds that Kong said on November 13 that departing employees had helped build the project and offered to connect them with potential employers, while Crypto Economy highlights the continued presence of the founders, initial employees and main engineering team. The outlets do not provide conflicting figures or materially different accounts of the core development.
MEGA has reduced its workforce by 20% following several months of internal restructuring, according to CoinEdition and Crypto Economy. Co-founder Shuyao Kong announced the layoffs in a November 13 post on X, saying the reduction followed an extended period of organizational work. The timing places the staffing decision shortly after the project changed its public direction.
CoinEdition reported that Kong thanked the departing employees for their contributions to building the project and offered to introduce them to potential employers. Crypto Economy instead focused on continuity within the remaining organization, noting that the founders, initial employees and main engineering team would be maintained. These details frame the same 20% reduction, with one outlet emphasizing support for departing workers and the other highlighting the team retained.
The announcement came three days after the MegaETH Foundation announced a rebrand and pledged $30 million to artificial intelligence products. Both outlets identify the $30 million commitment and the 20% workforce reduction, establishing the size of the allocation alongside the scale of the restructuring. No conflicting figures were reported, and no outlet contradicted the account of the sequence of events.
The move gives MEGA’s new identity and AI focus an operational context: the project is redirecting resources and reorganizing its team rather than relying solely on its earlier MegaETH branding. The supplied coverage does not specify which AI products will receive the $30 million, how the allocation will be distributed or what roles were eliminated. It also does not provide a launch timetable, financial targets or further details about the remaining workforce structure.
The wider market backdrop was cautious during the development. Total crypto market capitalization stood at $2.34 trillion, while the overall market was broadly lower. 
Bitcoin was down 2.57% over 24 hours, and the Fear & Greed index registered 13, labeled Extreme Fear. No coin from the project’s own listed coverage was named, so these figures provide broad market context rather than a direct measure of MEGA’s performance. The immediate items to watch are how the $30 million AI allocation is deployed and which engineering and leadership functions remain after the 20% reduction.
2 key figures independently matched across 2 outlets reporting this story.
Token Times extracts the figures each outlet reports and flags the ones that agree. Numbers cited by only one outlet are attributed in the brief, not shown as corroborated.
MEGA Reduces Staff by 20% While Redirecting $30 Million Towa — questions & answers
How large was MEGA’s workforce reduction?
MEGA reduced its workforce by 20%. CoinEdition and Crypto Economy both report the same figure after months of internal restructuring.
When were the layoffs announced?
Co-founder Shuyao Kong announced the workforce reduction in a November 13 post on X, according to CoinEdition.
How much did MEGA allocate to AI products?
The MegaETH Foundation pledged $30 million to artificial intelligence products, a figure corroborated by CoinEdition and Crypto Economy.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from CoinEdition, Crypto Economy, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.