Jun 23, 2026
Ethereum Foundation Cuts 20% of Workforce and Reduces Budget by 40% in Major Restructuring
The Ethereum Foundation laid off 54 employees (roughly 20% of staff) and announced a 40% budget reduction as part of a months-long reorganization to become a leaner, endowment-based organization. The cuts follow the recent resignation of co-Executive Director Hsiao-Wei Wang.
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