StarkWare announces restructuring into two divisions and layoffs to focus on revenue

Techub News reports, according to The Block, StarkWare co-founder and CEO Eli Ben-Sasson announced that the company will undergo an organizational restructuring and implement layoffs, aiming to expand from infrastructure development to building its own products for revenue generation. Following the restructuring, two independent business units will be established: an Applications division (led by Avihu Levy, focusing on revenue) and a Starknet development division (led by Tom Brand). Ben-Sasson stated that the company will take full control of the verification stack, including Cairo, Sierra, and STARK, to reduce external dependencies and return to a "startup mode." The current scale of layoffs has not been disclosed, and the company has committed to providing severance packages exceeding legal requirements; additionally, Chief Operating Officer Oren Katz has submitted his resignation and will depart at the end of April.