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L2 Developer Eclipse Labs Slashes 65% of Staff

The troubled L2 team is swapping out its CEO and shifting strategies.

Aug 26, 2025 • 1 min read

Eclipse Labs replaced its CEO and laid off 65% of its workforce as the startup publicly signaled a strategy shift toward development of consumer-facing applications on its Ethereum-connected Layer 2 chain.

What’s the Scoop?

Leadership Change: Product Lead Sydney Huang (aka 0xSydney) replaced Vijay Chetty as CEO following Chetty’s voluntary departure.
New Direction: Eclipse will prioritize building a flagship app on its Solana VM-based L2, pivoting away from pure infrastructure.
Token Drop Fallout: The announcement comes just weeks after Eclipse's token launch, with the ES token down over 65% from its TGE.
Chain Still Active: Despite layoffs, Eclipse says it will continue improving its core rollup while reallocating resources to in-house development.

Today, Eclipse Labs announced team and leadership changes to align with a new direction post-TGE. Over the past months, we’ve explored opportunities for application development on the network. Going forward, we’ll prioritize building a breakout application on top of Eclipse’s L2…
— Eclipse (🐮,🌑) (@EclipseFND) August 25, 2025

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