Ethereum Foundation Cuts 20% Staff, Slashes Budget 40% Amid Leadership Exodus
The Ethereum Foundation has eliminated 54 positions—roughly 20 percent of its workforce—while slashing its annual operating budget by 40 percent, marking a dramatic restructuring that signals a fundamental shift in how the organization will support Ethereum’s development. The cuts, announced on June 23 by Vitalik Buterin, follow the immediate resignation of executive director Hsiao-Wei Wang…
