ethereum Ethereum Foundation Restructuring: 40% Budget Cut, 20% Staff Reduction, and the $11B Research Lab Built by EF Alumni On June 23, 2026, the Ethereum Foundation cut 54 jobs, announced a 40% budget reduction, and restructured into five domain clusters while five departing researchers launched Ethlabs, an $11 billion-backed independent research lab.
ethlabs Ethlabs Explained: Five Former Ethereum Foundation Researchers Just Launched a New R&D Lab Backed by Joe Lubin Five former Ethereum Foundation researchers launched Ethlabs, an independent nonprofit R&D lab backed by Joe Lubin, Bitmine, SharpLink, and Anchorage Digital. The launch signals a structural shift in how Ethereum protocol research gets funded and governed.
