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CryptoMediumUpdated•Originally published 13 April 2026•Updated 14 April 2026•

1 min read

StarkWare Cuts Jobs as Starknet Revenue Plunges 99% From Peak

Key Facts

1StarkWare announced job cuts as part of an organizational reorganization.

about 2 months ago

Version History

2 additional sources confirmed this story

Version 1about 2 months ago

What changed: Added specific financial figures for the revenue collapse ($6M to $48K), included the CEO's rationale regarding company size, and detailed the structural split into two independent units.

StarkWare, a developer of Ethereum Layer-2 solutions, is undergoing a major restructuring and workforce reduction following a collapse in revenue. Financial data reveals that Starknet's monthly revenue plummeted from a 2023 peak of nearly $6 million to approximately $48,000 in the first half of April 2026. CEO Eli Ben-Sasson stated that the company had grown "too large" for its commercial reality, prompting a split into two independent business units. This restructuring aims to return the firm to a leaner "startup mode" to increase agility and focus on revenue-generating products. The strategic pivot highlights the intense economic pressures facing Layer-2 ecosystems and their current fee models. By decentralizing its operations, StarkWare hopes to regain its competitive edge and ensure long-term financial viability.