Ethereum Foundation Cuts 20 Percent of Staff and Eliminates 54 Positions

The Ethereum Foundation is cutting roughly 20 percent of its workforce and eliminating 54 positions. CoinDesk reported the reduction was announced Tuesday in a blog post as part of a months-long restructuring tied to an updated mandate and treasury strategy. The organization said the cuts leave it leaner and more focused on critical tasks for Ethereum’s long-term development.

Work has been grouped into five clusters, one of which is a dedicated institutional layer for enterprise engagement, financial infrastructure, and policy coordination. Leadership turnover preceded the layoffs. Co-executive director Hsiao-Wei Wang stepped down earlier this month after co-executive director Tomasz Stańczak had already departed.

Board member Bastian Aue has taken on expanded responsibilities for the transition and day-to-day operations. Roughly nine senior figures have left or transitioned out of the foundation over the past six months. A separate effort outside the foundation is expanding.

On Monday, BitMine Immersion Technologies, SharpLink Gaming, and Ethereum co-founder Joseph Lubin announced support for ETHLabs, a new non-profit research and development initiative aimed at accelerating Ethereum’s technical roadmap and institutional adoption. A representative for the Ethereum Foundation did not respond to a request for comment by publication time.