Catenaa, Monday, July 21, 2025- Blockchain startup Eigen Labs has laid off 29 employees, about 25% of its workforce, as it shifts focus to its recently launched EigenCloud product, according to a spokesperson and CEO Sreeram Kannan.
EigenCloud, unveiled last month, is a developer platform designed for off- and on-chain verification, targeting growing demand for verifiable compute in the AI era.
The company secured $70 million in funding from a16z as part of a $220 million total raise, including a $50 million Series A in 2023.
The layoffs are not driven by financial distress, with the firm maintaining a healthy runway, Kannan said in a note seen by Blockworks.
The reorganization aims to streamline resources and leadership to prioritize product development and long-term growth.
Affected employees from multiple departments received accelerated token vesting and three months’ base pay as severance. Eigen Labs also committed to offering career transition support.
No further layoffs are planned at this time as Eigen Labs pursues sustainable growth amid evolving blockchain infrastructure demands.
