Ethereum Foundation cuts 20% of staff, 54 positions eliminated in restructuring

The Ethereum Foundation laid off 54 employees, roughly 20% of its workforce, as part of a months-long restructuring. The cuts follow sustained senior leadership turnover and come as a separate group, ETHLabs, launches with backing from major ETH treasury companies.

• 54 positions eliminated in a months-long internal reorganization
• Co-executive Director Hsiao-Wei Wang stepped down earlier this month, following Tomasz Stanczak's prior departure
• EF grouped its work into five clusters including a dedicated institutional layer
• Separately, ETHLabs launched backed by BitMine, SharpLink Gaming and co-founder Joseph Lubin
• EF said the reduction leaves it 'leaner and more focused' on critical tasks

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Last updated 24 Jun 2026