The Ethereum Foundation laid off 54 employees — about 20% of its roughly 270-person team — and slashed its 2026 operating budget by 40%, reorganizing into five leaner protocol clusters. Co-founder Vitalik Buterin is targeting a long-term 5% annual spend rate from treasury assets by 2030, down from roughly 15% today. Nine senior leaders have left the EF since January 2026. Not financial advice. Does a leaner Ethereum Foundation make ETH stronger or leave it more vulnerable?
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