Previously, NEM seemed a promising project with a great future. But alas, the expenses that were spent incorrectly, the management themselves made themselves known. I do not think that staff cuts will make a big difference. Let's see whether he will live at least another month or two.
The core developers are not paid by the foundation or employed by them in any capacity. If the foundation went away tomorrow it would make zero difference to the actual system. It would probably progress faster without it.