Ninety Eight, the cryptocurrency company previously known as Coin98 Finance, is undergoing a significant transformation as Founder Thanh Le recently announced layoffs affecting over 20% of the workforce. This decision is strategic, aimed at streamlining operations and creating a leaner and more agile team.
In today's rapidly evolving market, the ability to adapt is crucial, and this restructuring reflects Ninety Eight's commitment to meeting these challenges head-on. The decision was made with careful consideration and aligns with the company's vision of focusing resources on its core products, particularly the Coin98 wallet, which has been identified as a top priority moving forward.
By concentrating efforts on their flagship product, Ninety Eight is positioning itself to better serve its customers and maintain a competitive edge in the cryptocurrency landscape. As the industry faces fluctuating demands and an ever-changing regulatory environment, the ability to pivot and refine strategies becomes essential for sustained growth and success..