Ethereum Foundation reorganizes into five clusters, cuts 20% of staff

The Ethereum Foundation has slashed its workforce by 54 employees, or about 20% of its staff, and introduced a revamped operating model built around specialized teams overseeing protocol development, user access, community engagement and institutional adoption, according to a Tuesday blog post.

The restructuring prioritizes protocol development, user access, community engagement, institutional adoption, and operational efficiency while providing severance and transition support to departing staff.

This is a developing story.

Disclosure: This article was edited by Vivian Nguyen. For more information on how we create and review content, see our Editorial Policy.