Company updateThe Block
MEGA cuts 20% of workforce after rebrand
Negative-59
GreyOak summary
MEGA, formerly the MegaETH Foundation, has laid off 20% of its staff. This action follows a recent rebrand and a $30 million investment in AI inference products. The restructuring occurs days after these strategic shifts.
What it affects
- MEGACORNegative -59
MEGA laid off 20% of its workforce.Rolling sentiment Negative -26
Source
Read the original at The BlockMore MEGACOR news
- MEGA commits $30 million to new products starting with AI inferenceThe Block · Company update ·