MegaETH Team Restructuring: MEGA Workforce Reduced by 20%

on November 13, MegaETH team member Shuyao Kong (@hotpot_dao) posted on X stating that project MEGA underwent restructuring over the past few months and pivoted to a new direction, resulting in a 20% staff reduction during the adjustment. She noted that departing members had been involved in early-stage work such as chain and wallet development and ecosystem support, and publicly offered to provide job referrals for these colleagues.

She also emphasized that the founders, early employees, and core engineering team remain at MEGA, continuing the MegaETH initiative launched three years ago. The post noted the team’s belief that cryptography and distributed systems will reshape how the world produces and accesses intelligence, adding, “We have much to prove and plenty of work to do.”

The post did not disclose specific layoff figures, the post-restructuring business focus, or any new plans concerning tokens or the mainnet. The MEGA token was listed on multiple exchanges on April 30 this year.