ETH Price Falls As Ethereum Foundation Cuts 20% Staff in Lean Reorganization
Chronological coverage
- First seen23 Jun, 13:15
ETH Price Falls As Ethereum Foundation Cuts 20% Staff in Lean Reorganization
The Ethereum Foundation announced today a reorganization that reduces its workforce by 54 colleagues, approximately 20% of total staff. The changes conclude a months-long internal process designed to align operations with the organization’s previously stated strategic documents. Ethereum (ETH) price fall almost 7% on the news. Scale of Cuts EF Management confirmed the reduction in
BeInCrypto•Lockridge Okoth
Follow-up23 Jun, 15:19Ethereum Foundation Cuts 20% of Workforce in 'Leaner' Reorganization
The non-profit is cutting 54 jobs as it reorganizes into focused "clusters," following a succession of leadership departures.
Decrypt•Logan Hitchcock
Latest23 Jun, 19:57Ethereum Foundation Cuts 20% of Staff in Sweeping Reorganization
The Ethereum Foundation has eliminated 54 positions, about 20% of its workforce, as part of a restructuring tied to its updated spending mandate. Vitalik Buterin announced a 40% annual budget cut targeting a reduction in treasury spend from 15% to 5% by 2030. Arkham Intelligence places EF's ETH
The Defiant•The Defiant Team
