MegaETH Cuts 20% of Its Workforce Following Team Restructuring

MegaETH co-founder Shuyao Kong announced layoffs on November 13, 2026, with $MEGA cut 20% of its workforce after several months of restructuring describing the reduction at the organization behind the network. The affected functions include blockchain development, wallet operations, ecosystem support, and communications. At Metaintro, we track layoffs, store closures and return-to-office mandates in our layoffs tracker.

How Much of the Workforce Is Being Cut?

The announced reduction is expressed as a share of staff. In her explanation of the restructuring, Kong said We’ve brought together new capabilities and reorganized our teams, a process that has resulted in a 20% reduction in our staff. That statement places the workforce reduction within a broader reorganization rather than describing a separate, standalone staffing announcement.

The announcement followed an extended period of organizational change. Cointelegraph describes the organization as having reduced its workforce by 20% following months of restructuring. For workers following the news, the central development is the completed reduction and the departures associated with reorganizing the teams.

The timing of the public announcement is established by the account that Co-founder Shuyao Kong announced the layoffs in a November 13 post on X. Her message also acknowledged the employees’ contribution to building the organization, making the announcement both a staffing update and a recognition of departing colleagues.

Which Teams Are Affected?

The departures extend across technical and outward-facing functions. Cointelegraph says the reorganization resulted in the departures of staff who worked on its blockchain, wallet, ecosystem support and communications. That scope brings together work on the underlying blockchain, wallet-related operations and support for the broader ecosystem.

The announcement also concerns employees with a long connection to the project. Kucoin describes employees who were involved in the early stages of the project, including teams in blockchain, wallets, ecosystem support, and communications. The account identifies early project contributors among those affected, rather than presenting the departures solely as changes involving recently established functions.

At the same time, Kong emphasized continuity among the remaining team. She said MEGA’s founders, early employees and core engineering team remain committed to the organization. The public message therefore combines recognition of departing staff with a statement about the people continuing the work.

Why Is the Organization Restructuring?

The workforce change comes alongside a shift in product development. Cointelegraph reports that MEGA shifts its focus toward developing products on the MegaETH network, including artificial intelligence services. The business update concerns products built on the network, not just the staffing structure supporting it.

The financial commitment is substantial within that announced initiative: The organization has committed $30 million to the initiative, although Kong did not directly link the layoffs to its new strategy. The distinction matters to the explanation of the announcement. The product investment and the workforce reduction are concurrent developments, while Kong’s own statement describes bringing together capabilities and reorganizing teams.

Bloomingbit also places the announcement within a change of direction, reporting that the MegaETH development team carried out the layoffs as it shifts to a new business direction. Its account describes an organizational overhaul and a new service initiative, reinforcing the broader restructuring context around the staff departures.

What Happens Next With the Product Plans?

The first planned service centers on access to artificial intelligence providers. In the whitepaper, the co-founders outlined a proposed inference market aimed at giving users access to competing AI service providers. The proposed market is intended to let customers choose among providers rather than rely on a single service offering.

The design addresses verification and data-handling concerns. The whitepaper’s approach seeks to address concerns about whether providers use the advertised models and how they handle customer data. Those concerns form part of the product rationale described alongside the restructuring news.

For the launch schedule, Kong stated that MEGA intends to launch the public version of the AI inference marketplace in December this year. Funding and network continuity are also addressed: Funding will come from $MEGA ’s existing treasury, while Each new product will run on MegaETH, which remains the blockchain’s name after the rebrand.

What Support Was Offered to Departing Employees?

Kong’s announcement included an offer of help with the next job search. She thanked departing employees for helping build the project and offered to introduce them to potential employers. That is a concrete employment-related support offer attached to the public acknowledgment of their contributions.

Her recognition also appears in the description that These are people who helped build MEGA from its earliest days. For affected workers, introductions and a clear record of their contributions are useful starting points for organizing a search and explaining their experience to prospective employers.

What Should Affected Workers Do Next?

• Request written departure details. Ask for documentation covering your employment end date, final pay, benefits and any separation terms. Keep the response with your employment records so you can review deadlines and obligations carefully.

• Save permitted work records. Collect personal employment documents and approved examples of your achievements. Avoid taking confidential material, customer information or proprietary code when preparing a portfolio.

• Turn responsibilities into accomplishments. Describe the problems you worked on, your specific contribution and the outcomes you can substantiate. Use language that a hiring manager outside your immediate specialty can understand.

• Ask for introductions and references. Contact colleagues who can speak directly about your work and ask permission before sharing their details. Give each person a concise summary of the roles you are pursuing.

• Review your immediate budget. Separate essential expenses from spending you can pause during the search. Check benefit paperwork and local employment resources before making decisions about coverage or available assistance.

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People Also Asked

Q: How Large Is the MegaETH Workforce Reduction?

A: Kong described a process that has resulted in a 20% reduction in our staff. The announcement presents the reduction as a percentage of the workforce.

Q: Which Functions Were Affected?

A: The layoffs affected blockchain development, wallet operations, ecosystem support, and communications, including employees involved in building the project.

Q: Did Kong Offer Help With Finding Work?

A: She offered to introduce them to potential employers and thanked departing employees for their contributions to the project.

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