The Ethereum Foundation is cutting approximately 20% of its staff in a reorganisation that will reduce its operating budget by 40% and slow a drain on its treasury funds. The resulting organization will focus on enterprise engagement, financial infrastructure and policy coordination, as well as continuing work on censorship resistance and self-sovereign architecture.
Meanwhile, five key researchers left the foundation to launch Ethlabs, a non-profit R&D lab. The researchers – Ansgar Dietrichs, Barnabé Monnot, Caspar Schwarz-Schilling, Josh Rudolf and Julian Ma – will focus on consensus, cryptography and execution-layer research, and so will overlap with continuing research at the foundation. Initial backing for Ethlabs has been provided by Bitmine, Sharplink and Consensys founder Joe Lubin.
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