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Eigen Labs Slashes 25% of Workforce to Double Down on EigenCloud Development
Eigen Labs Slashes 25% of Workforce to Double Down on EigenCloud Development
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Eigen Labs makes brutal cuts to fuel its cloud ambitions—because nothing says 'strategic pivot' like handing out pink slips.
Blood on the balance sheet: The blockchain infrastructure firm axes a quarter of its staff in a ruthless efficiency play. All chips are now on EigenCloud—their decentralized cloud computing bet.
Cloud or bust: This isn't restructuring, it's corporate Darwinism. The remaining team gets to prove they can outrun the bear (read: survive the next funding round).
One hedge fund manager yawns: 'Another crypto firm trading payroll for runway. Wake me when they start minting EBITDA instead of tokens.'
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