The Ethereum Foundation (EF) has announced the completion of a months-long organizational restructuring, with a 20% reduction in staff, totaling 54 people. EF stated that this adjustment is part of its organizational reform and financial management plan, aimed at streamlining the team, focusing resources on core areas like protocol development, security, and infrastructure, controlling long-term operational expenses, and reducing disruptions caused by short-term market fluctuations. This is EF's largest organizational downsizing in recent years, with the related adjustments spanning several months. In June 2025, EF released the 'Treasury Management Policy,' marking a shift toward a more sustainable financial management model to reduce the pressure of selling ETH. In March this year, EF published a 38-page 'Mandate,' clarifying its role as a neutral steward, prioritizing the preservation of Ethereum's core CROPS attributes. During this period, several senior members have left the organization. Since January this year, at least nine key figures have departed, including Co-Executive Director Hsiao-Wei Wang. Many of the departing employees will continue contributing to Ethereum as ecosystem contributors outside the foundation. With the restructuring complete, EF will focus its efforts on five key areas: protocol layer, access layer, user layer, community layer, and institutional layer. Vitalik also revealed that EF's budget for this year will be cut by about 40%, with a gradual reduction in spending to decrease reliance on selling ETH to sustain operations. The Privacy and Scaling Explorations (PSE) team will also gradually wind down its independent operations, with some activities and projects being scaled back.