Ethereum Foundation's 5 Bold Changes Amid 54 Job Cuts
You are here:Home/Cryptocurrency News/Ethereum Foundation Cuts 54 Jobs in Bold Strategic OverhaulEthereum Foundation has undergone a significant transformation recently, removing 54 employees and replacing. . .
You are here:Home/Cryptocurrency News/Ethereum Foundation Cuts 54 Jobs in Bold Strategic OverhaulEthereum Foundation has undergone a significant transformation recently, removing 54 employees and replacing its previous organizational structure with a new one designed to focus on Ethereum’s long-term vision and execute on its mission. Ethereum currently ranks second behind Bitcoin as the largest cryptocurrency by total market capitalization and is also one of the most widely used platforms for developing decentralized applications. Ethereum Foundation Introduces Five-Layer Organizational StructureAccording to ablogpost published by the Ethereum Foundation on June 23, 2026 has now completed a multi-month process of restructuring its organization around five key pillars of focus: protocol layer, access layer, user layer, community layer, and institutional layer. The Foundation aims to facilitate better execution of its mission and allocate resources more effectively to areas of highest priority regarding Ethereum’s future. The organization said it now has“the structure, activities, and people necessary for execution on the critical tasks ahead of us. ”Also Read:Ethereum Foundation Governance Stability Questioned After Wang ExitEthereum Foundation Announces 20% Workforce ReductionIn line with the reorganization, the Ethereum Foundation announced it will be laying off 54 employees who represent about 20% of its workforce. The Foundation expressed that the decision was“hard, but necessary”in order to concentrate its efforts on the work that only the Foundation can do while ensuring long-term sustainability. The Foundation noted that all affected employees will be receiving severance packages and transition support, including assistance in securing new employment opportunities within the Ethereum ecosystem. The restructuring announcement also gained attention across the crypto community, with the Foundation highlighting on X that“54 fewer colleagues, roughly 20% of the EF,”would be leaving as part of the organizational changes. Today, the EF is changing shape, concluding a months-long process of reorganization as part of the implementation of the Mandate and the Treasury Management Policy. We come out of this process with the structure, activities, and people necessary for execution on the critical…— Ethereum Foundation (@ethereumfndn)June 23, 2026Ethereum Foundation Reaffirms Core PrinciplesThe Foundation said the reorganization does not change Ethereum’s core priorities. Instead, it aims to strengthen work around privacy, security, and censorship resistance while continuing to support long-term protocol development. Under the new structure, the Protocol Layer will oversee key technical initiatives, including zkEVM research, Layer-1 privacy efforts, and post-quantum security workAlso Read:Ethereum Price Stabilizes After Volatility, Eyes Potential Rally Toward $4,600Institutional Layer Targets Broader AdoptionA new Institutional Layer will be created to develop engagement with businesses, financial institutions, government agencies, higher education institutions, and nonprofit organizations. The Foundation sees Ethereum as a mechanism for increasing transparency, privacy, and user control, thereby facilitating broader real-world blockchain adoptionAlso Read:Ethereum MEV Bot Loses $7. 5 Million After Falling Into Carefully Planned TrapEthereum Price Remains Under PressureTaking a look at the current market situation, Ethereum continues to face market pressure. According to theTradingViewdata, currently, ETH is trading at $1,661. 83 and is down 5. 22% over the last 24 hours, while investors closely monitor both price action and ecosystem developments. Despite the recent decline in ETH’s price, the Foundation’s latest moves signal that it is placing greater emphasis on long-term growth and development than on short-term market conditions. The Foundation concluded the announcement by stating that“The EF that emerges from this change is leaner and more focused,”It added that more details about the new structure and its future plans will be shared in the coming weeks. Also Read:Ethereum Faces 43% YTD Decline as $1,800 Resistance HoldsAboutAthulyamol VSAthulyamol V S is a Market News Reporter at Tronweekly’s editorial team, covering cryptocurrency markets and digital asset price movements for an international cryptocurrency news platform. She focuses on Bitcoin, altcoins, and DeFi markets shaping the broader crypto ecosystem. Her reporting is based on real-time market activity, price analysis, and major industry developments, and follows established editorial guidelines and fact-checking processes. Athulyamol holds a postgraduate degree in Communication. 🔗 Connect on LinkedIn