Ethereum Foundation Cuts 20% of Staff in Reorganization

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The Ethereum Foundation cut 54 employees, or roughly 20% of staff, in a reorganization tied to its Mandate and Treasury Management Policy. Vitalik Buterin said the Foundation is cutting its annual budget by approximately 40% this year. Arkham Intelligence tracked the Foundation's ETH holdings at approximately $209 million.
ETH-3.98%
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