StarkWare announces layoffs and restructures into two departments to shift towards a revenue-driven model
Foresight News reported, according to The Block, that StarkWare co-founder and CEO Eli Ben-Sasson announced layoffs and organizational restructuring at an all-hands meeting. The company is shifting its focus from infrastructure development to building its own products in order to generate meaningful revenue. Ben-Sasson stated that the layoffs aim to return the company to a "startup mode" and accelerate product-market fit. The company will take full control of the verification stack, including Cairo, Sierra, and STARK cryptography technology, to reduce reliance on external Layer 1 networks and application teams.
This reorganization will create two independent business units: an Applications division focused on revenue, led by current CPO Avihu Levy as General Manager, and a Starknet Development division led by current Head of Product Tom Brand as General Manager. In addition, CFO Ran Grinshtein will oversee finance, human resources, security, and IT; Gideon Kaempfer has been appointed Chief Architect; and COO Oren Katz has submitted his resignation and will remain until the end of April.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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