Svmuu News: Solana co-founder toly posted on X regarding the layoffs at the Ethereum Foundation, stating: “Bullish. Budget constraints are forcing us to prioritize and focus. Ethereum isn’t going anywhere.A smaller, leaner Ethereum Foundation will be more decisive, act faster, and be able to pivot more quickly.”
Previously, it was reported that the Ethereum Foundation had completed a restructuring process that lasted several months. As a result of these adjustments to its structure, activities, and spending, the Ethereum Foundation has laid off 54 employees, representing approximately 20% of its total workforce.