Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset (opens original article in a new tab)

Ethereum Foundation will cut budget by 40% and reduce staff as part of transition to leaner endowment-style model, with goal to lower annual spending from 15% to 5% by 2030.

• Ethereum Foundation will cut budget by 40% this year as part of transition to endowment-style model
• Ethereum Foundation announced 20% headcount reduction and resignation of co-Executive Director Hsiao-Wei Wang
• Buterin stated goal to reduce annual spending from 15% of treasury assets to 5% by 2030
• Foundation is shifting focus to preserve funding for Ethereum's roadmap while reducing costs elsewhere