BitcoinKE·1d ago·negative

Ethereum Foundation Cuts Budget by 40%, Lays Off 20% of Staff in Major Restructuring

The Ethereum Foundation is cutting its 2026 budget by 40% and laying off 54 employees (20% of staff) as part of a restructuring toward a leaner, endowment-style model. Concerns are growing over a potential funding crisis for Ethereum's core development ecosystem.

Ethereum Foundation reduces 2026 budget by 40% and lays off 54 employees (20% of staff)
Vitalik Buterin says the foundation is moving to an endowment-style model for long-term sustainability
Former contributor warns Ethereum could face a 'slow-burning' funding crisis in 3-9 months
Restructuring follows 8 high-profile departures from the foundation in 2026 so far
Foundation says changes are a strategic reset to focus on protocol development and institutional adoption

techpeopleImpact 7/10

Why our editor rated this negative

Major budget and staff cuts at the Ethereum Foundation, combined with warnings of a funding crisis for core development, are negative for Ethereum's ecosystem. This raises questions about the network's long-term development capacity.

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