The Ethereum Foundation is cutting approximately 20% of its workforce, eliminating 54 positions as part of a broad restructuring that comes amid sustained senior leadership turnover and increasing fragmentation of the entire Ethereum ecosystem.
The layoffs, announced Tuesday in a blog post, conclude a months-long internal reorganization related to the implementation of the Foundation’s updated mandate and treasury policy. The EF said the reduction made it “leaner and more focused,” with a structure aligned with what it described as the “critical tasks” needed to support Ethereum’s long-term development.
This reduction follows a period of significant upheaval in the organization’s leadership. Co-executive director Hsiao-Wei Wang resigned earlier this month, following the prior departure of co-executive director Tomasz Stańczak. Board member Bastian Aue has since taken on expanded responsibilities overseeing the transition and day-to-day operations.
In total, around nine senior officials have left or left the Ethereum Foundation over the past six months, fueling scrutiny of the organization’s governance model and performance as Ethereum faces increasing competition from rival blockchain ecosystems.
As EF declines, a separate ecosystem effort backed by some of Ethereum’s largest holding companies is growing.
