Ethereum Foundation cuts 20% of staff amid leadership exodus
The reduction follows a period of significant upheaval at the organization’s leadership level.
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Summary
- The Ethereum Foundation is cutting roughly 20% of its workforce, eliminating 54 positions as part of a months-long restructuring tied to its updated mandate and treasury strategy
- A spate of senior leadership departures in recent months has raised questions about the Foundation’s governance and execution.
- The cuts come as Ethereum’s ecosystem evolves in different directions: while the foundation narrows its focus around core priorities and institutional engagement, major ETH treasury companies and co-founder Joseph Lubin are backing ETHLabs, a new initiative aimed at accelerating Ethereum development and adoption.
