MegaETH Parent Cuts 20% of Staff in Restructuring

A 20% cut hitting the teams that built the chain, wallet and ecosystem is a sharper signal than a generic restructuring: it targets core product execution, not overhead. The AI pivot alongside the layoffs suggests a reallocation of scarce resources rather than pure cost-cutting, which matters for a project still pre-launch in the public eye. What's worth watching is whether the remaining team can sustain delivery on the blockchain and wallet roadmap while absorbing a new AI mandate — that trade-off, not the headcount figure, is the real story.