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sorry, the tweet length got me here!

they have temporarily forgone an ED. that is, they deliberately did not retain the existing temporary ED while this process went on

See Steve’s comments here, which clarifies why cutting the executive director (ED) is a problem: https://news.ycombinator.com/item?id=28513656

What is "ED" in this context?

Executive Director.

after reading around a bit I think it means "executive director" (not super familiar with this matter)

I think executive director.