On June 18, 2026, at 14:16 UTC, Hsiao-Wei Wang posted, “After my sabbatical, I have decided to step down as co-executive director and board member of the Ethereum Foundation (@ethereumfndn), effective today.” Five days later the Foundation announced the end of 54 positions, and on July 29 it added pcaversaccio to its board. Forty-one days separate the first post from the last.
· Hsiao-Wei Wang leaves the Ethereum Foundation, 54 jobs go, and pcaversaccio joins its board
pcaversaccio Joins the Ethereum Foundation Board After 54 Job Cuts
Hsiao-Wei Wang left on June 18, 2026, the Ethereum Foundation cut 54 jobs on June 23, and pcaversaccio joined its board on July 29.

Share
People in this piece
- Ansgar Dietrichs
- Aya MiyaguchiEthereum Foundation, Executive Director
- Bastian AueEthereum Foundation, Co-Executive Director (interim)
- Dankrad Feist
- Hsiao-Wei WangEthereum Foundation, Board Member
- Joseph Lubin
- Mario Havel
- Patrick Storchenegger
- pcaversaccioEthereum Foundation, Board Member
- Tom Lee
- Tomasz StańczakEthereum Foundation, Co-Executive Director
- Trent Van Epps
Projects
Ethereum Foundation · Ethereum · Ethlabs · BitMine Immersion Technologies · SharpLink · SEAL 911 · Privacy and Scaling Explorations
Related, lately
MoreCEO Changes
Aya Miyaguchi Hands the Ethereum Foundation to Two Co-Directors
Layer 1s & Infrastructure
Protolambda's Blobs Cut Rollup Fees and Ethereum's Rent
Board Seats
Bill Barhydt Chairs the Algorand Foundation's New Delaware Board