StarkWare, the Israeli company behind the Starknet Layer 2 network, is laying off an undisclosed number of employees and reorganizing into two independent business units as it attempts to convert its zero-knowledge technology leadership into sustainable revenue.
Co-founder and CEO Eli Ben-Sasson announced the changes in a company-wide town hall and a subsequent post on X, telling staff that StarkWare has become "too big and too inefficient" for the leaner, faster-moving strategy the company now requires.
"We built the best, safest, most battle-tested ZK tech in blockchain," Ben-Sasson wrote. "We've redefined blockchain using our technology, but that's not enough."
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