Ethereum Foundation announced a workforce cut of roughly 20%, eliminating 54 positions as part of a sweeping restructuring effort.
Restructuring and Operational Focus
The foundation detailed the changes in a Tuesday blog post, stating that the new leaner structure aligns with its updated mandate and treasury policy. It emphasized a shift toward “critical tasks” essential for sustaining Ethereum’s long‑term development on the blockchain. The move aims to improve efficiency and sharpen the organization’s focus amid a volatile crypto market.
Leadership Turnover and Ecosystem Activity
Recent months have seen significant leadership churn, with co‑executive director Hsiao‑Wei Wang resigning earlier this month after the earlier departure of co‑executive director Tomasz Stańczak. Board member Bastian Aue has taken on expanded duties to oversee daily operations and the transition process. In total, about nine senior figures have exited or moved on from the foundation over the past six months, prompting investors to scrutinize its governance model.
While the foundation contracts, a parallel initiative backed by Ethereum’s largest corporate holders continues to grow. BitMine Immersion Technologies and SharpLink Gaming—two of the biggest publicly traded Ethereum treasury firms—are