Ethereum Foundation dismissed 54 employees, cutting roughly 20% of its workforce and roughly 40% of its budget after a months-long review. Token Terminal data showed Ethereum traffic and throughput hit records in the first quarter, but ETH fell more than 43% this year to trade near $1,670. The foundation said the reorganization is meant to reduce disruption from short-term market movements.
Ethereum Foundation Cuts 20% of Staff as ETH Falls 43% This Year