This reduction comes in the wake of notable changes in the organization's leadership.
By Margaux Nijkerk|Edited by Cheyenne Ligon Jun 23, 2026, 1:45 p.m. 2 min readMake preferred on ShareShare this articleCopy linkX (Twitter)LinkedInFacebookEmailMake preferred on SummaryShow- The Ethereum Foundation is reducing its workforce by approximately 20%, resulting in the elimination of 54 positions as part of a restructuring effort linked to its revised mandate and financial strategy.
- Recent departures of high-ranking leaders have raised concerns regarding the organization’s governance and operational effectiveness.
- This workforce reduction occurs as the Ethereum ecosystem diversifies, with the Foundation concentrating on core priorities while major ETH treasury companies and co-founder Joseph Lubin support ETHLabs, a new initiative intended to boost Ethereum's development and adoption.
The Ethereum Foundation has announced a workforce reduction of about 20%, eliminating 54 roles as part of a comprehensive restructuring process amid ongoing changes in senior leadership and increasing fragmentation within the Ethereum ecosystem.
The layoffs, revealed in a blog post on Tuesday, conclude a lengthy internal reorganization associated with the Foundation’s updated mission and treasury policy. The EF indicated that the cuts would result in a “leaner and more focused” organization, structured around what it deems “critical tasks” essential for Ethereum’s long-term growth.
This reduction follows a tumultuous period for the organization’s leadership. Co-executive director Hsiao-Wei Wang resigned earlier this month, following the exit of co-executive director Tomasz Stańczak. Board member Bastian Aue has since taken on expanded responsibilities to oversee the transition and daily operations.
Over the past six months, around nine high-ranking officials have departed or transitioned out of the Ethereum Foundation, prompting increased scrutiny of the organization’s governance framework and its effectiveness as Ethereum faces growing competition from other blockchain networks.
As the EF downsizes, another initiative within the ecosystem, supported by several major corporate holders of Ethereum, is gaining momentum.
This past Monday, BitMine Immersion Technologies and SharpLink Gaming, two of the largest publicly traded companies holding Ethereum treasury, along with co-founder Joseph Lubin, announced their backing for ETHLabs, a new non-profit R&D initiative designed to expedite Ethereum’s technical roadmap and institutional adoption.
In the restructuring, the EF has organized its operations into five clusters, which include a specialized institutional layer focused on enterprise engagement, financial infrastructure, and policy coordination.
A representative from the Ethereum Foundation did not reply to a request for comment by the time of publication.
Read more: Ethereum Foundation talent exodus sparks fresh debate over leadership
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By CoinDesk ResearchJun 15, 2026In May, combined exchange volumes fell 3.45% to $4.41T; the lowest since September 2024. RWA perpetual futures volumes rose 10.4% against the trend, hitting a new all-time high.
Why it matters:
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