Eclipse Labs Appoints New CEO Amid Staff Cuts, Shifts Focus to Consumer Blockchain Apps

Eclipse Labs has undergone significant restructuring following recent market turbulence. The company’s new CEO, Sydney Huang, will oversee a 65% workforce reduction and a strategic shift in focus from infrastructure development to consumer-facing blockchain applications. This move comes after the value of Eclipse Labs’ native ES token plummeted by 13%, leading to a reorientation towards user-friendly blockchain solutions. Huang’s leadership aims to build apps that increase engagement, addressing the market pressures and immediate need for strategic adjustments.