workforce cuts
Ethereum Foundation Cuts 20% of Workforce Amid Major Restructuring
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...
Ethereum Foundation Cuts 20% Workforce, Slashes Budget by 40%
The Ethereum Foundation announced on June 23 a sweeping organizational restructuring that will eliminate approximately 20 percent of its 270-person workforce and slash its annual operating budget by 40 percent, marking a significant pivot in how the world’s second-largest blockchain coordinates development and governance. The move reflects the Foundation’s strategy to reduce spending from roughly...
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...