TLDR Tech / Crypto
Ethereum Foundation Cuts 54 Staff in Largest Restructuring
The Ethereum Foundation cut 54 staff on June 23, representing roughly 20% of the organization and concluding a months-long restructuring process tied to its newly adopted Mandate and Treasury Management Policy. This is one of the largest headcount reductions in the EF's history as a Switzerland-based nonprofit supporting Ethereum protocol and ecosystem development. Foundation leadership stated the remaining team has the structure and personnel needed to execute on critical protocol tasks going forward. Several departing contributors are expected to continue Ethereum-related work outside the EF, a shift that may accelerate decentralization of core ecosystem development across independent teams.
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