MEGA lays off 20% of staff days after rebrand and $30M AI push

The sequencing is the story here: a rebrand and a $30 million AI pivot announced, then a fifth of the staff gone within days. That pattern suggests the AI expansion is being funded by contraction rather than growth, and that the new strategic direction is already forcing hard trade-offs inside the organization. For an entity tied to a blockchain project now repositioning around AI inference, the credibility question is whether the remaining team can deliver on the announced push. Whether the cuts stop at this round, and how the AI products take shape from here, is the open question.