Ethereum Foundation lays off 54 staff, cuts budget by 40%

The Ethereum Foundation fired 54 employees (20% of staff) and will cut its budget by roughly 40% as it restructures into five specialized clusters and shifts toward an endowment-based model.

• 54 employees laid off, roughly 20% of the Ethereum Foundation workforce
• Vitalik Buterin says the Foundation will reduce annual spending from 15% of funds to 5% after 2030
• EF reorganizing into five clusters: protocol, access, user, community and institutional
• Layoffs follow a wave of executive departures including co-executive director Hsiao-Wei Wang
• Former EF researchers launched independent nonprofit Ethlabs backed by Bitmine and Joe Lubin

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