EigenLabs, the team behind the Ethereum restaking protocol EigenLayer (EIGEN), has reduced its workforce by 25%, letting go of 29 employees. This strategic decision, as reported by Blockworks, is aimed at concentrating resources on EigenCloud. EigenCloud is EigenLabs' initiative to further develop its Ethereum (ETH) restaking layer. While the company hasn't explicitly detailed EigenCloud's functionality, it's understood to be focused on providing cloud-based infrastructure for restaking, potentially simplifying the process for users and developers. EigenLabs emphasized that the layoffs were not driven by financial difficulties. The restructuring appears to be a calculated move to prioritize a key area of growth within the evolving restaking landscape. The company is betting on EigenCloud as a significant component of the EigenLayer ecosystem. ```

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