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Ethereum Foundation to cut budget by 40% and slash 20% of workforce

Jun 24, 2026
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The Ethereum Foundation will slash its budget by roughly 40% this year as part of a shift toward a leaner, endowment-style operating model. This comes on the same day the EF confirmed a 20% reduction in headcount. CoinDesk's Uyen Truong hosts "CoinDesk Daily."