Decrypt·7h ago·mixed

Ethereum Foundation Lays Off 54 Employees, 20% of Workforce, in Reorganization

The Ethereum Foundation is cutting 54 jobs (20% of staff) as it restructures into five focused clusters. The layoffs follow a months-long overhaul and a string of leadership departures including co-director Hsiao-Wei Wang.

54 employees laid off, roughly 20% of the Ethereum Foundation workforce
Restructuring splits work into five clusters: protocol, access, user, community, and institutional layers
Comes after co-director Hsiao-Wei Wang left last week, following other leadership exits
Ethereum founder Vitalik Buterin acknowledged 'great value was lost' but said the ecosystem is adapting
The Foundation published a 38-page 'Mandate' in March outlining the new direction

peopletechImpact 7/10

Why our editor rated this mixed

Layoffs and leadership departures are negative signals for Ethereum's core institution, but the restructuring aims to make the Foundation leaner and more focused, which could strengthen the ecosystem long-term.

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