StarkWare cuts jobs, restructures around revenue push.
Zero-knowledge skating company Starkware is cutting jobs and restructuring as it moves from infrastructure to revenue-generating products.
CEO Eli Ben-Sasson said in an internal comment that the company will be split into two business units to reduce headcount to move faster and be more efficient, one focused on applications and the other focused on StarNet development.
Ben-Sasson said the company would adopt a “startup mode” mentality by prioritizing a few initiatives with high revenue potential, warning that the cuts would affect employees across the company. StarWare did not say how many employees would be affected by the layoffs.
The move marks a wide range of job cuts at crypto companies, which have been cutting headcount and narrowing priorities in pursuit of clear product-market fit, strong monetization and lean operations. Messari, Algorand Foundation and Crypto.com all announced they would be downsizing in March.
StarkWare says the technical edge should translate into revenue
Ben Sasson said Starkware's next phase will focus on transforming its technology into “meaningful revenue” and “meaningful use.”
Ben-Sasson said the company will focus on “a few things” in products with revenue potential that can only be built on top of the technology stack.
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“We will achieve this by innovating not just on infrastructure, as we have done so far, but on the entire infrastructure and product stack,” he said.
As companies consolidate strategy, crypto will continue to drive
StarkWare's cuts follow other recent layoffs as companies in the crypto sector narrow their priorities and reshape operations. In the year On March 17, Masari announced layoffs along with a leadership change as the company dives deeper into artificial intelligence-powered research and institutional data tools.
On March 19, the Algorithm Foundation said it would cut 25% of its staff, citing macro uncertainty and the broader crypto slump. The firm said the move aims to better align its resources with long-term business, technology and ecosystem priorities.
On the same day, Crypto.com announced a 12% reduction in its workforce as part of a broader push into AI. The exchange offers are tied to company-wide AI integration and prioritizing resources around key growth areas, he said.
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