Crypto industry leader Eclipse Labs has experienced a major shakeup, reducing its workforce by nearly two-thirds. This substantial cut comes as the company embarks on a strategic shift to refocus its development efforts and target a more defined market positioning for its innovative Solana VM-powered Ethereum Layer 2 solution. The company’s new business strategy will be spearheaded by CEO Sydney Huang, who previously held the role of Chief Product Officer. This strategic restructuring is rooted in a changing crypto landscape and a need for increased efficiency. Experts are closely watching how Eclipse Labs navigates this pivotal moment, especially as its innovative technology could significantly impact the future of Ethereum Layer 2 solutions.