Eigen Labs announces restructuring and layoffs, focusing on EigenCloud development

Egeram Kannan, CEO of Eigen Labs, announced on X platform today that the company has announced a restructuring plan to streamline operations and focus on building and expanding EigenCloud. This adjustment has resulted in some employees leaving, and the company has stated that it will provide support measures such as severance compensation, accelerated equity redemption, extended medical insurance, and career recommendations. Eigen Labs stated that after the restructuring, the team will focus more on building the "world's first verifiable cloud platform" and call on encryption ecosystem partners to assist departing employees in finding new opportunities. In addition, Kannan added, "Eigencloud includes EigenLayer as the foundation and EigenDA as the data layer. Therefore, we will continue to devote ourselves to this area of work