MEGA cuts 20% of staff after $30 million AI product push
Nov 13 2026 19:55 UTC - Lawrence Mondal
MEGA cuts 20% of its staff following restructuring, days after committing $30 million to products including an AI inference market planned for December.
➤ MEGA has undergone a significant restructuring, cutting 20% of its staff, to focus on new AI-driven products and capabilities.
➤ The company is launching an AI inference market in December, aiming to create a competitive landscape for AI services and address data privacy concerns.
➤ MEGA's treasury is investing $30 million into product development, with its stablecoin USDm utilizing BlackRock's tokenized U.S. Treasury fund BUIDL.
Read more at: https://rwatimes.io/articles/crypto-mega-cuts-20-of-staff-after-30-million-ai-product-push-3350354325?utm_source=binance
Nov 13 2026 19:55 UTC - Lawrence Mondal
MEGA cuts 20% of its staff following restructuring, days after committing $30 million to products including an AI inference market planned for December.
➤ MEGA has undergone a significant restructuring, cutting 20% of its staff, to focus on new AI-driven products and capabilities.
➤ The company is launching an AI inference market in December, aiming to create a competitive landscape for AI services and address data privacy concerns.
➤ MEGA's treasury is investing $30 million into product development, with its stablecoin USDm utilizing BlackRock's tokenized U.S. Treasury fund BUIDL.
Read more at: https://rwatimes.io/articles/crypto-mega-cuts-20-of-staff-after-30-million-ai-product-push-3350354325?utm_source=binance