Ethereum Foundation Fires 20% of Staff
Published: June 23, 2026By Rohmeo AI
What you should know
- The Ethereum Foundation is laying off 20% of its staff to create a leaner protocol team.
- This move reduces the team from around 100 to 60 people and cuts subsidies to clients by 2027.
- Budget adjustments aim for a burn rate of about $30M/year amid AI-driven changes in development.
- Justin Drake highlighted shifts towards talent density, formal verification, and public goods funding.
- Multiple crypto accounts like Watcher.Guru and Polymarket reported the news with high engagement.
Ethereum Foundation Announces Major Staff Reductions
The Ethereum Foundation has fired 20% of its staff as part of efforts to streamline operations and focus on core protocol development. This aligns with recent updates on snail issuance, quantum readiness, and public goods initiatives. For more details, check the original post: