
Eigen Labs has announced a significant restructuring, resulting in the loss of 29 jobs, constituting 25% of its workforce. This move is part of the company’s strategic transition to prioritize the development of EigenCloud, which Kannan describes as a ‘verifiable’ alternative to traditional opaque cloud services.
Key Points:
- Eigen Labs is reallocating resources to enhance EigenCloud development without being impacted by financial constraints.
- Employees affected by layoffs will be offered support, including severance packages to aid their transition.
- The company continues to operate its EigenLayer and EigenDA protocols as part of this cloud initiative.
“As difficult as these changes are, they sharpen our focus as a company and ensure our teams are structured to sustainably pursue a single, ambitious goal: to build the world’s first verifiable cloud platform,” Kannan stated in a post on X.
Sreeram Kannan’s statement underscores the company’s commitment to its mission even amid workforce changes.