Eigen Labs lays off 25% of employees, focusing on EigenCloud

Eigen Labs has laid off 29 employees (25% of the total) to restructure and focus on the EigenCloud product. This decision is not related to financial issues, but aims to optimize resources for the development and expansion of EigenCloud – a platform for off-chain and on-chain verification for developers.

Restructuring for sustainable development

CEO #EigenLabs , Sreeram Kannan, stated that the restructuring helps the company "sustainably pursue long-term goals with renewed focus and energy." EigenCloud is expected to meet the demand for verifiable computing in the AI era. The company has raised a total of 220 million USD and still has sufficient financial resources.

Affected employees will receive support such as accelerated vesting token rights, three months' salary, and career counseling support. #anhbacong