Eclipse Labs announces reorganization, replaces CEO, and lays off 65% of staff

Deep Tide TechFlow reports that on August 26, Eclipse Labs officially announced a reorganization. Sydney (@0xSydney) will replace the departing Litquidity (@0xLitquidity) as CEO.

To align with the new strategic direction of the project, Eclipse Labs has reduced its workforce by 65%. Following this adjustment, the project will focus on developing applications on top of its Layer 2 network infrastructure.