- Eigen Labs has laid off 25% of its workforce (29 employees) as it shifts focus to its new developer platform, EigenCloud, which supports off- and onchain verification.
This reorg comes shortly after a about $70 million investment from a16z and follows a total raise of $220 million.
The company emphasized that the layoffs were not financially driven and that it still has years of runway. CEO Sreeram Kannan said the move aims to streamline leadership and resources around product growth. Affected employees received accelerated token vesting, three months of base pay, and career support.