MEGA Cuts Workforce by 20%, Plans to Launch AI Inference Marketplace
Key Facts
MEGA announced on November 13, 2026, that it would cut its workforce by 20% after reorganizing its teams in recent months, according to a report by The Block. The company said the reorganization led to a reduction in staff, without disclosing how many people were affected. Departures included employees who worked on the MegaETH blockchain, its wallet and its ecosystem, the report said. It added that the founders, early employees and core engineering team remained committed to the project. The announcement comes as MEGA pursues a new direction, with the company planning to develop AI products on its network.
MEGA announced on November 10 that it had allocated $30 million from its existing treasury to fund a range of new products, according to The Block. The funding announcement came three days before the job cuts were disclosed, but the company did not directly link the two decisions. Among the planned products is an AI inference marketplace that MEGA intends to launch in December. The new products will operate on the MegaETH network, according to the report. This places the proposed marketplace within a broader plan to add products to the network, while the source did not specify an exact launch date.
MEGA has not yet disclosed the names of the service providers or models that will be available in the marketplace, and said those details would remain undisclosed until its December launch. The company said the marketplace is aimed at developers as potential customers. The plan means developers will have access to a marketplace for inference services, but the available services and models will not be clear before the announced launch. MEGA said details would be disclosed at that time. The report did not specify the scope of availability or the marketplace’s terms of use.
A white paper prepared by MEGA’s founders outlines a vision for an open inference marketplace that allows users to switch between different providers. The paper also addresses concerns about verifying which model is serving a user. It said a user “cannot verify which model is serving them.” The paper proposes evidence to help users evaluate the service, alongside making inference available to be used interchangeably across providers. The idea is linked to concerns about model authenticity, privacy and security when dealing with independent inference providers.
On the project’s network-related track, the MEGA token launched in April 2026 after the first performance target was reached, according to The Block. The report said 53.3% of the supply is tied to performance-based staking rewards. This forms part of the project’s operating backdrop alongside its plan to develop new products, with the report not linking this percentage to the workforce reduction. DeFiLlama data show that the total value locked in decentralized finance on MegaETH reached $8.74 million on November 14, 2026. The value of stablecoins on the network stood at $22.91 million on the same date.