MEGA has reduced its workforce by 20% after a months-long restructuring, co-founder Shuyao Kong disclosed on Nov. 13. The announcement came just days after the MegaETH Foundation rebranded as MEGA and committed $30 million from its treasury to product development, starting with an AI inference market.
Departing staff had worked across blockchain, wallet, ecosystem support, and communications from the project's earliest days. Kong did not disclose the exact number of employees affected or a team-by-team breakdown, but said the reorganization was intended to bring in new capabilities and align teams with the project's new direction.
Kong emphasized that founders, early employees, and the core engineering group remain committed to MEGA. She thanked outgoing contributors and offered to introduce them to prospective employers, describing their work as foundational. The rebrand does not replace the MegaETH blockchain name; MEGA's website continues to list MegaETH as its blockchain division and MOSS as an account layer with one wallet across applications and programmable permissions for people and AI agents.
The foundation's Nov. 10 rebrand included the $30 million treasury commitment. MEGA's proposed AI inference market would let customers source comparable inference services from a broader pool of providers. In a November white paper, Yilong Li and Lei Yang described a Purified Intelligence approach designed to make inference interchangeable across providers, addressing trust, model transparency, and data handling concerns.
The restructuring follows earlier ecosystem changes. In July, MEGA closed its Mega Mafia accelerator after two cohorts supported about 20 teams that collectively raised $80 million. Several projects later moved to other networks. MEGA's token launched on April 30 with a fixed supply of 10 billion MEGA and 53.3% allocated to performance-based staking rewards. In May, the foundation activated a stablecoin-funded buyback program, completing its first purchase with net income generated by USDm's issuer through April 30. USDm reserves primarily use BlackRock's tokenized U.S. Treasury fund BUIDL through Securitize, though the foundation said USDm was neither issued nor operated by the foundation or MegaLabs.
