StarkWare Cuts Jobs, Restructures Around Revenue Push
StarkWare is cutting jobs and restructuring to focus on revenue-generating products, splitting into two business units.Summary
StarkWare, a zero-knowledge scaling company, is undergoing layoffs and restructuring to shift its focus from infrastructure development to revenue-generating products. CEO Eli Ben-Sasson announced that the company will split into two business units, one for applications and another for Starknet development, to increase speed and efficiency. This move signifies a broader trend in the crypto industry where firms are trimming staff and narrowing priorities to achieve better product-market fit, stronger monetization, and leaner operations. StarkWare aims to translate its technical edge into "meaningful revenue" and "meaningful usage" by prioritizing fewer initiatives with higher revenue potential, building products exclusively on its technological stack, and innovating across both infrastructure and product.
(Source：Cointelegraph)