Ethereum Foundation completes restructuring, cuts 20% of staff

The Ethereum Foundation (EF) has completed its restructuring process, reducing its workforce by approximately 20%, or 54 employees, the foundation announced on its official blog. Going forward, the foundation will operate with five core departments—Protocol, Access, User, Community, and Institutional—alongside operations and management support teams. The foundation added that the 54 employees affected by the layoffs will receive a severance package that includes one month's salary for each year of service, a retirement payment, and a support fund with career coaching. This move follows earlier concerns within the crypto industry regarding staff departures and potential financial difficulties at the foundation.