The Ethereum Foundation has cut roughly 20% of its workforce, eliminating 54 positions as part of a months-long restructuring linked to its updated mandate and treasury strategy.
The layoffs were announced Tuesday in a blog post and mark the end of an internal reorganization aimed at aligning the organization's structure with priority development work. The Foundation said the changes leave it "leaner and more focused," with resources now organized around what it described as "critical tasks" supporting Ethereum's long-term development, according to Coindesk.
