In brief
The Ethereum Foundation is laying off 54 employees, around 20% of its staff, as it restructures to become “leaner and more focused.”
The cuts follow of a months-long overhaul built around its March "Mandate" and a new treasury policy, with work now split into five core "clusters" plus operations and management.
They come on the heels of a run of leadership exits, including the departure of co-director Hsiao-Wei Wang last week.
The Ethereum Foundation is parting ways with 54 employees, around 20% of its total workforce, amid reorganization efforts designed to make the non-profit “leaner and more focused.”The move concludes a months-long process according to the organization, following the March publication of its “Mandate,” a 38-page document that serves as “part constitution, part manifesto,” and the implementation of its treasury policy. “We come out of this process with the structure, activities, and people necessary for execution on the critical tasks ahead of us,” the Foundation tweeted.
