The Ethereum Foundation is cutting about 20% of its workforce, eliminating 54 positions as part of a broad restructuring that comes amid sustained senior management turnover and growing fragmentation across the broader Ethereum ecosystem.
The layoffs, announced Tuesday in a blog post, conclude a months-long internal reorganization tied to the implementation of the foundation’s updated mandate and financial policy. EF said the reduction leaves it “leaner and more focused” with a structure aligned to what it described as the “critical tasks” needed to support Ethereum’s long-term development.
The reduction follows a period of significant upheaval at the organisation’s management level. CEO Hsiao-Wei Wang stepped down earlier this month following the earlier departure of CEO Tomasz Stańczak. Board member Bastian Aue has since taken on expanded responsibilities to oversee the transition and day-to-day operations.
In total, around nine senior figures have left or moved out of the Ethereum Foundation over the past six months, fueling scrutiny of the organization’s governance model and performance as Ethereum faces intensified competition from rival blockchain ecosystems.
As the EF shrinks, a separate ecosystem effort backed by some of Ethereum’s biggest business owners is expanding.
