Eigen Labs Cuts 25% of Staff in EigenCloud Focus

Eigen Labs Cuts 25% of Workforce to Prioritize EigenCloud: Report

Eigen Labs has laid off 25% of its workforce, amounting to 29 employees, Blockworks reported on Tuesday.  The layoffs were part of a strategic shift to focus on the development and expansion of its new platform EigenCloud, for which the company raised $70 million in June. EigenCloud enables the creation of verifiable, trustless applications – both onchain and offchain – by combining traditional cloud programmability with cryptographic, blockchai…

Eigen Labs Cuts 25% of Staff in EigenCloud Focus

Eigen Labs, backed by $220 million in venture funding, will continue to operate its EigenLayer and EigenDA protocols as part of EigenCloud.

Eigen Labs Sends Home 25% of Its Employees to Focus on a16z-backed EigenCloud

The post Eigen Labs Sends Home 25% of

Restructuring at Eigen Labs Triggers Workforce Reductions

With over $12.2 billion in Total Value Locked (TVL), EigenLayer is one of the leading Ethereum (ETH) restaking protocols. Despite this, the company behind it, Eigen Labs, has recently cut a significant portion of its staff to prioritize different areas. Although accompanied by a nice severance package, this turn of events is not unfamiliar to the crypto space lately. What Caused The Shift In a post on X yesterday, Sreeram Kannan, the CEO of Eige…

Eigen Labs lays off employees to focus on EigenCloud growth, EIGEN ...

Eigen Labs restructures workforce to focus on EigenCloud growth

Eigen Labs has laid off 29 employees, or 25% of its staff, in a large-scale restructuring that will focus its resources on EigenCloud as its lead developer platform. CEO Sreeram Kannan, in a statement on X, noted the move was part of a tighter strategy to create a verifiable cloud platform. The move was not triggered by financial strains. Today is one of the hardest days we’ve had at Eigen Labs. This morning, I shared plans for a restructuring …