The Ethereum Foundation has eliminated 54 positions—roughly 20 percent of its 270-person workforce—and slashed its 2026 operating budget by 40 percent, marking the most significant organizational restructuring in the protocol’s history since the Merge. The June 23 announcement signals a strategic pivot away from the Foundation’s historical role as Ethereum’s central development engine toward a…
The Ethereum Foundation announced a sweeping 40% budget reduction and 20% workforce cut affecting 54 employees, signaling a fundamental shift toward a lean, endowment-based operating model as the protocol nears maturity. Co-Executive Director Hsiao-Wei Wang’s resignation marks the ninth senior departure since January, underscoring organizational strain even as Vitalik Buterin frames the restructuring as strategic…
Ethereum Foundation co-executive director Hsiao-Wei Wang announced her resignation effective immediately on Thursday, June 18, 2026, marking the eighth senior-level departure from the organization in five months and intensifying concerns about institutional stability at the protocol’s steward. Wang’s exit follows a broader exodus that has left the foundation without permanent leadership in its most technically…
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