The Ethereum Foundation is cutting approximately 20% of its workforce, eliminating 54 positions as part of a broad restructuring that comes amid sustained top management turnover and increasing fragmentation across the Ethereum ecosystem.
The layoffs, announced Tuesday in a blog post, conclude a months-long internal reorganization tied to the implementation of the Foundation’s updated mandate and treasury policy. The EF said the reduction leaves it “more agile and focused,” with a structure aligned around what it described as the “critical tasks” needed to support Ethereum’s long-term development.
The reduction comes after a period of significant upheaval at the organization’s leadership level. Co-CEO Hsiao-Wei Wang resigned earlier this month, following the previous departure of co-CEO Tomasz Stańczak. Since then, board member Bastian Aue has assumed expanded responsibilities in overseeing the transition and daily operations.
In total, approximately nine senior figures have left or left the Ethereum Foundation over the past six months, prompting scrutiny of the organization’s governance model and performance as Ethereum faces increasingly intense competition from rival blockchain ecosystems.
As EF shrinks, a separate ecosystem effort backed by some of Ethereum’s largest corporate holders is expanding.
