MegaETH parent cuts 20% of staff in restructuring
In short
MegaETH’s parent cut 20% of its staff during a restructuring. Co-founder Shuyao Kong said the move affected people who worked on the project’s blockchain, wallet and ecosystem.
What the reporting says
MegaETH’s parent cut 20% of staff during a restructuring, and co-founder Shuyao Kong said the changes affected employees who built the project’s blockchain, wallet and ecosystem.
Why it matters
The parent of MegaETH reduced staff by 20% as part of a restructuring, and Shuyao Kong said employees tied to the blockchain, wallet and ecosystem were affected. The summary also flags an AI push, suggesting a strategic shift.