BlockBeats News, April 13th, according to The Block, StarkWare is laying off employees and reorganizing into two business units. The zero-knowledge Rollup development company is transitioning from a pure infrastructure provider to starting to build its own products to generate ‘meaningful revenue’.
This adjustment was announced by co-founder and CEO Eli Ben-Sasson at an all-hands meeting on Monday. He did not disclose the specific number of layoffs or timeline but indicated that the streamlining was necessary to return to a ‘startup mode’ mindset and accelerate product-market fit.
He also mentioned that affected employees would receive an email shortly after the meeting and would be invited to have one-on-one discussions with their direct managers. Additionally, in many jurisdictions, StarkWare will provide departure packages beyond legal and contractual requirements.
