StarkWare cuts jobs in reorganization as Starknet revenue plunges 99% from peak
StarkWare is restructuring and cutting staff to focus on in-house revenue-generating products following a 99% drop in Starknet network fees.Summary
StarkWare is undergoing a major reorganization, splitting into two business units and reducing its workforce as it pivots from infrastructure scaling to developing proprietary, revenue-generating products. This strategic shift follows a massive 99% decline in revenue for its Starknet network, which fell from a $6 million monthly peak in late 2023 to roughly $48,000 in early April 2026. CEO Eli Ben-Sasson cited the impact of Ethereum's EIP-4844 upgrade and a broader industry downturn as key catalysts for this transition. A new "Applications" unit will be led by researcher Avihu Levy, who recently developed a "Quantum Safe Bitcoin" (QSB) method, as the company seeks to leverage its technology to build high-demand products independent of external L1 dependencies.
(Source：CoinDesk)