Key Facts

• The Ethereum Foundation is cutting roughly 20% of its workforce, eliminating 54 positions as part of a broad restructuring that comes amid sustained senior leadership turnover and growing fragmentation across the wider Ethereum ecosystem.
• The layoffs conclude a months-long internal reorganization tied to the implementation of the Foundation’s updated mandate and treasury policy, aiming to leave it “leaner and more focused,” with a structure aligned around what it described as the “critical tasks” needed to support Ethereum’s long-term development.
• Co-executive director Hsiao-Wei Wang stepped down earlier this month, following the prior departure of co-executive director Tomasz Stańczak, and board member Bastian Aue has since assumed expanded responsibilities overseeing the transition and day-to-day operations.
• The reduction in workforce follows a spate of senior leadership departures in recent months, with roughly nine senior figures leaving or transitioning out of the Ethereum Foundation over the past six months, fueling scrutiny of the organization’s governance model and performance.
• A separate ecosystem effort backed by some of Ethereum’s largest corporate holders, including BitMine Immersion Technologies, SharpLink Gaming, and Ethereum co-founder Joseph Lubin, is expanding, with the announcement of support for ETHLabs, a new non-profit research and development initiative aimed at accelerating Ethereum’s technical roadmap and institutional adoption.