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StarkWare is reducing staff and dividing the business into two divisions to increase revenue.
StarkWare is downsizing and reorganizing, splitting the company into two business units to accelerate revenue growth.
Co-founder and CEO Eli Ben-Sasson announced that the company is shifting its focus from infrastructure provider to developing its own products and aims to regain a "startup mode" to speed up market entry.
The exact number of layoffs and timelines are not disclosed, but employees have been promised notifications and meetings with management, and in several countries, severance packages above the minimum requirements.