Ethereum Foundation to slash budget 40% as Vitalik Buterin pushes leaner model

The Ethereum Foundation will cut its budget by roughly 40% this year as it shifts to an endowment-style model. The cuts come alongside a 20% headcount reduction and the departure of nine senior figures since January.

• EF aims to reduce annual spending from 15% of treasury assets to about 5% by 2030
• 20% headcount reduction (54 positions) announced alongside the budget cuts
• Nine senior figures have left since January, including co-Executive Director Hsiao-Wei Wang
• Privacy and Scaling Explorations (PSE) unit to be wound down
• Buterin described the cuts as 'difficult decisions' involving experienced engineers

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Last updated 24 Jun 2026