Ethereum Foundation cuts 20% of staff amid leadership exodus (opens original article in a new tab)

Ethereum Foundation reduces workforce by 20% amid leadership changes and restructuring, while a new initiative receives backing from key stakeholders.

• Ethereum Foundation cuts 20% of staff, 54 positions eliminated
• Senior leadership departures raise governance and execution concerns
• ETHLabs initiative gains support from major Ethereum treasury companies and co-founder Joseph Lubin