CryptoWorld News reports that the Ethereum Foundation has announced layoffs of approximately 20%, totaling 54 positions cut. This is a comprehensive organizational restructuring under its long-term development strategy. The layoffs conclude a months-long restructuring process aimed at enabling the team to focus more on its most critical responsibilities. The Ethereum Foundation stated that the layoffs were carried out under its authorization and financial management policies, and after the restructuring, the focus will be on five main areas: protocols, users, community, and institutions. Meanwhile, the Ethereum development team is preparing for several major protocol upgrades, including the upcoming Glamsterdam upgrade, designed to improve transparency in block production. Due to market weakness, Ethereum's trading price is around $1,650. Affected employees will receive severance pay and career support to help them find new opportunities within the Ethereum ecosystem.