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International Business Times UK
International Business Times UK
Stephanie Cruz

Eight Executives Gone, 54 Jobs Cut: What's Happening at the Ethereum Foundation?

The Switzerland-based Ethereum Foundation is trimming its 2026 budget by about 40% and shifting to a leaner, endowment-style model. (Credit: Ethereum Foundation Website)

The Ethereum Foundation has made 54 job cuts, about a fifth of its staff, days after the last of eight senior figures left the organisation in five months.

The Switzerland-based non-profit, which funds development of the world's second-largest blockchain, confirmed the redundancies on Tuesday at the end of a months-long reorganisation. The 54 roles account for roughly 20 per cent of the workforce.

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