{"id":26636,"date":"2025-08-26T15:32:59","date_gmt":"2025-08-26T12:32:59","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=26636"},"modified":"2025-08-26T15:35:17","modified_gmt":"2025-08-26T12:35:17","slug":"eclipse-labs-to-cut-workforce-by-65-following-controversial-airdrop","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/eclipse-labs-to-cut-workforce-by-65-following-controversial-airdrop\/","title":{"rendered":"Eclipse Labs to Cut Workforce by 65% Following Controversial Airdrop"},"content":{"rendered":"<p>The Layer 2 network Eclipse Labs has announced a leadership change and significant layoffs as part of a new project direction following the token launch in July.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Today, Eclipse Labs announced team and leadership changes to align with a new direction post-TGE. Over the past months, we\u2019ve explored opportunities for application development on the network. Going forward, we\u2019ll prioritize building a breakout application on top of Eclipse\u2019s L2\u2026<\/p>\n<p>\u2014 Eclipse (\ud83d\udc2e,\ud83c\udf11) (@EclipseFND) <a href=\"https:\/\/twitter.com\/EclipseFND\/status\/1960013657116684769?ref_src=twsrc%5Etfw\">August 25, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>According to the statement, the team will focus on creating a &#8220;breakthrough application&#8221; based on Eclipse&#8217;s blockchain infrastructure. Detailed information will be published later by the developers.<\/p>\n<p>As part of the transformation, Sydney Huang, known on X as 0xSydney, will assume the role of CEO following the voluntary departure of Vijay Chetty (0xLitquidity). Huang previously served as a product manager.<\/p>\n<blockquote class=\"twitter-tweet\" data-lang=\"en\">\n<p lang=\"en\" dir=\"ltr\">Today I am stepping up as CEO of Eclipse.<\/p>\n<p>Our mission has always been to build infrastructure that can serve real-world applications. That remains unchanged, but our focus is evolving. The next chapter is about serving end users and building those applications in-house. The\u2026<\/p>\n<p>\u2014 sydney (@0xSydney) <a href=\"https:\/\/twitter.com\/0xSydney\/status\/1960014118167155044?ref_src=twsrc%5Etfw\">August 25, 2025<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;Our mission has always been to build infrastructure capable of serving real-world applications. That remains unchanged, but priorities are shifting. The next chapter is about serving end users and developing these products in-house,&#8221; the new company head stated.<\/p>\n<\/blockquote>\n<p>The project will reduce its workforce by 65% to &#8220;align resources with the updated strategy.&#8221;<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>&#8220;This difficult decision was made to provide Eclipse with the flexibility needed to implement the next stage of the company&#8217;s development,&#8221; the statement reads.<\/p>\n<\/blockquote>\n<p>On July 15, the project conducted a TGE and airdropped the ES token. The asset <a href=\"https:\/\/forklog.com\/en\/news\/eclipse-labs-es-token-plummets-21-following-airdrop\">was launched<\/a> on three networks: Eclipse, Ethereum, and Solana. The coin was immediately listed on exchanges Bitget, MEXC, Bybit, and Gate, and fell by 21% within the first three hours.<\/p>\n<p>At the time of writing, ES is trading at around ~$0.16, 65.3% below its launch price. Over the past day, the price dropped by 7% following the reorganization news.<\/p>\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"468\" src=\"https:\/\/forklog.com\/wp-content\/uploads\/Eclipse-Price-ES-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-1024x468.jpg\" alt=\"Eclipse Price ES Live Price Chart, Market Cap &#038; News Today  CoinGecko - Google Chrome\" class=\"wp-image-264591\" srcset=\"https:\/\/forklog.com\/wp-content\/uploads\/Eclipse-Price-ES-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-1024x468.jpg 1024w, https:\/\/forklog.com\/wp-content\/uploads\/Eclipse-Price-ES-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-300x137.jpg 300w, https:\/\/forklog.com\/wp-content\/uploads\/Eclipse-Price-ES-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome-768x351.jpg 768w, https:\/\/forklog.com\/wp-content\/uploads\/Eclipse-Price-ES-Live-Price-Chart-Market-Cap-News-Today-CoinGecko-Google-Chrome.jpg 1284w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><figcaption class=\"wp-element-caption\">Source: <a href=\"https:\/\/www.coingecko.com\/en\/coins\/eclipse-2\">CoinGecko<\/a>.<\/figcaption><\/figure>\n<p>The token airdrop disappointed users who deemed the distribution unfair to early network investors and buyers of the project&#8217;s ASC NFTs.<\/p>\n<p>Previously, Eclipse Labs <a href=\"https:\/\/forklog.com\/en\/news\/eclipse-labs-bars-team-from-participating-in-airdrop\">prohibited<\/a> the team from participating in the ES airdrop to prevent insider manipulation of the asset, which had harmed other launches.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Layer 2 network Eclipse Labs has announced a leadership change and significant layoffs as part of a new project direction following the token launch in July.<\/p>\n","protected":false},"author":1,"featured_media":26637,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"Eclipse Labs announces leadership change and layoffs after July token launch.","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[83,1179],"class_list":["post-26636","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-business","tag-layer-2-solutions"],"aioseo_notices":[],"amp_enabled":true,"views":"170","promo_type":"1","layout_type":"1","short_excerpt":"Eclipse Labs announces leadership change and layoffs after July token launch.","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26636","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=26636"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26636\/revisions"}],"predecessor-version":[{"id":26638,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/26636\/revisions\/26638"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/26637"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=26636"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=26636"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=26636"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}