StarkWare laid off staff and restructured into two major business units, accelerating the development of its own products and revenue.

PANews reported on April 13th that, according to The Block, zero-knowledge aggregation developer StarkWare announced layoffs and organizational restructuring, shifting its focus from "doing many things well" to "excelling in a few key areas." CEO Eli Ben-Sasson stated at an all-hands meeting that the company's size was "too large for the new strategy" and that it would return to a "startup model" by downsizing to accelerate product-market fit. StarkWare will form two main business units: a revenue-driven application business unit led by current CPO Avihu Levy, focusing on building revenue-generating products on its technology stack; and a Starknet development unit led by current Head of Product Tom Brand. Simultaneously, the company will strengthen its self-management of the complete blockchain proof stack, including Cairo, Sierra, and quantum-safe STARK cryptography, to reduce reliance on external Layer 1 and application teams. The management structure, including CFO Ran Grinshtein and core engineering leaders, will also be adjusted accordingly.

Share to:

Author: PA一线

This content is for market information only and is not investment advice.

Follow PANews official accounts, navigate bull and bear markets together
PANews APP
Bit Digital pledged 29,900 ETH, worth approximately $65.3 million.
PANews Newsflash