$ETH 𝙀𝙩𝙝𝙚𝙧𝙚𝙪𝙢 𝙁𝙤𝙪𝙣𝙙𝙖𝙩𝙞𝙤𝙣 𝙘𝙪𝙩𝙨 𝙗𝙪𝙙𝙜𝙚𝙩 ≈40%, 𝙡𝙖𝙮𝙨 𝙤𝙛𝙛 ≈54 𝙨𝙩𝙖𝙛𝙛 (≈20% 𝙤𝙛 𝙩𝙚𝙖𝙢)
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Vitalik Buterin said the Ethereum Foundation is reducing its annual budget by roughly 40% and cutting about 54 employees as it shifts from a spending organization to a long-term endowment model.
The restructuring also includes a refocus of the PSE research team toward engineering implementation and a smaller footprint at events like Devcon.
© Vitalik Buterin x Stacy Murr
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Vitalik Buterin said the Ethereum Foundation is reducing its annual budget by roughly 40% and cutting about 54 employees as it shifts from a spending organization to a long-term endowment model.
The restructuring also includes a refocus of the PSE research team toward engineering implementation and a smaller footprint at events like Devcon.
© Vitalik Buterin x Stacy Murr