Vitalik Buterin says Ethereum Foundation will cut budget 40% in major reset
The Ethereum Foundation is cutting its budget by 40% and reducing headcount by 20% as part of a major organizational reset. Vitalik Buterin stated the move aims to transition the foundation toward a leaner, long-term operational model.
Why it matters
As a major entity in the blockchain space, the Ethereum Foundation's financial restructuring signals a shift in how decentralized protocol development is funded and managed.
The reduction comes on the same day the EF confirmed a 20% reduction in headcount and follows the resignation of co-Executive Director Hsiao-Wei Wang. Her departure brings the total number of senior Ethereum Foundation figures to leave since January to nine, underscoring the scale of the organization s ongoing turmoil.
The article provides a factual account of the foundation's internal changes and quotes the founder directly without editorializing.
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