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Ethereum Foundation lays off 54 staff, cuts budget by 40%, $ETH ecosystem under scrutiny

Event Interpretation

The Ethereum Foundation laid off 54 people at once and cut its annual budget by 40%. Vitalik himself called it a "major sacrifice," representing the largest reorganization since the EF was founded.
Several EF leaders have left one after another previously. This layoff, combined with the reorganization into a "cluster" model, has raised concerns that reduced staffing in client development teams could impact upgrade progress.
Currently in the stage of public opinion fermentation; the key risk is whether the loss of core development talent will substantially slow down the subsequent Pectra roadmap.

Event Timeline

  • 23:18
    6/23
    Latest

    Media such as CoinDesk, CoinTelegraph, The Defiant, and Decrypt reported on it intensively within 24 hours

  • 07:00
    6/23

    EF announced internal restructuring into a "cluster" model, with adjustments to client development and institutional partnership directions

  • 06:01
    6/23

    Vitalik publicly stated a 40% budget cut, aiming to reduce the annual treasury expenditure ratio from 15% to 5% by 2030

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