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Ethereum Foundation Lays Off 54 Employees, Budget Cut by 40%, $ETH Ecosystem Under Scrutiny

Event Interpretation

The Ethereum Foundation (EF) has laid off 54 employees in one go and cut its annual budget by 40%. Vitalik himself called it a "major sacrifice," marking the largest restructuring since the EF's inception.
Several members of the EF leadership team had already resigned previously. This round of layoffs, combined with a structural reorganization into a "cluster" model, has raised concerns that the reduction in client development team personnel could impact upgrade schedules.
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 outlets including CoinDesk, CoinTelegraph, The Defiant, and Decrypt report intensively within 24 hours

  • 07:00
    6/23

    EF announces internal structural reorganization into a "cluster" model, with adjustments to client development and institutional cooperation directions

  • 06:01
    6/23

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

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