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3 sourcesTracking since 23 Jun, 13:15

ETH Price Falls As Ethereum Foundation Cuts 20% Staff in Lean Reorganization

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Chronological coverage

  1. 23 June
  2. Latest23 Jun, 19:57

    Ethereum 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 DefiantThe Defiant•The Defiant Team
  3. Follow-up23 Jun, 15:19

    Ethereum 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.

    DecryptDecrypt•Logan Hitchcock
  4. 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

    BeInCryptoBeInCrypto•Lockridge Okoth