Ethereum Foundation cuts 54 jobs in overhaul

• Ethereum Foundation cut 54 positions, reducing its workforce by about 20% as part of a restructuring.
• The changes come as Ethereum (CRYPTO:ETH) traded near US$1,650 during a broader crypto market downturn.
• The foundation said the overhaul will focus resources on core priorities and long-term protocol development.

Ethereum Foundation announced 54 job cuts, equal to roughly 20% of its workforce, as part of a restructuring designed to align resources with its long-term development priorities.

The reduction concludes a months-long review under the foundation’s Mandate and Treasury Management Policy and follows the recent departure of co-executive director and board member Hsiao-Wei Wang.

“These decisions were hard, but they are necessary,” said Ethereum Foundation.

Under the new structure, the organisation has reorganised into five divisions covering protocol, access, user, community and institutional functions, while separate teams will continue handling management and operations.

The foundation said the changes were driven by resource allocation priorities rather than short-term market conditions, and affected employees will receive severance packages, transition assistance and additional grants; following the announcement the Ethereum price was unchanged at approximately US$1,650.

Ethereum developers continue to work on the upcoming Glamsterdam upgrade, which includes Enshrined Proposer-Builder Separation and Block-Level Access Lists aimed at improving transparency and data processing.

The foundation also said development teams remain focused on Layer 1 scaling, gas repricing, privacy enhancements and security improvements as Ethereum's roadmap advances.

At the time of reporting, Ethereum price was $1,661.47.