# Ethereum Foundation to Cut Budget by 40% and Slash 20% of Workforce | CoinDesk Daily

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Text version: https://stenobird.com/podcast/coindesk-podcast-network-334494/ethereum-foundation-to-cut-budget-by-40-and-slash-20-of-workforce-coindesk-daily.md
Podcast: [CoinDesk Podcast Network](https://stenobird.com/podcast/coindesk-podcast-network-334494)
Published: 2026-06-24T15:54:00+00:00
Episode link: https://traffic.megaphone.fm/CDI7811645344.mp3
Audio file: https://traffic.megaphone.fm/CDI7811645344.mp3
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Duration seconds: 82

## Resource

The Ethereum Foundation announced a 40% budget cut after layoff news. 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." - This episode was hosted by Uyen Truong. “CoinDesk Daily” is produced by Jennifer Sanasie and edited by Victor Chen.

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