MEGA Cuts 20% of Staff as It Pushes AI Products

The sequencing is the story: a $30 million product pledge followed three days later by a 20% cut signals reallocation rather than retrenchment, with chain, wallet and ecosystem work bearing the cost. That those functions sit closest to MEGA's core infrastructure makes the move notable — it suggests AI products are being funded by thinning the teams that sustain existing on-chain services. The disclosure's vagueness on headcount and team impact leaves the operational picture unclear. Whether the cuts concentrate in specific functions and whether core infrastructure delivery slows are the open questions.