Eclipse replaces CEO, cuts 65% of staff, shifts focus to applications based on L2 infrastructure

According to official news from Eclipse Labs, the team announced a strategic adjustment after TGE, shifting its focus to developing breakthrough applications based on its L2 infrastructure.

At the same time, Sydney will take over as CEO, and former CEO Litquidity will voluntarily resign. In addition, to support the new strategy, Eclipse has laid off 65% of its employees to enhance its execution flexibility.