Ethereum Foundation Cuts 54 Staff, Slashes Budget 40%
The Ethereum Foundation announced a sweeping organizational restructuring on June 23-24, eliminating 54 positions—roughly 20% of its approximately 270-person workforce—and cutting its 2026 budget by approximately 40%. The cuts mark the culmination of months of senior leadership turnover and represent a deliberate pivot away from the Foundation’s historical role as Ethereum’s central development engine toward…