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Temasek-backed Climate Impact X lays off ‘a few’ employees

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Janice Lim

Janice Lim

Published Wed, Jan 17, 2024 · 08:34 PM
    • “We have had to adjust our internal structure to ensure our team is aligned with the roles and skills necessary to support our business priorities," says a spokesperson from CIX.
    • “We have had to adjust our internal structure to ensure our team is aligned with the roles and skills necessary to support our business priorities," says a spokesperson from CIX. PHOTO: AFP

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    SINGAPORE-BASED carbon exchange Climate Impact X (CIX) has confirmed that it had laid off “a few” of its employees late last year as part of a restructuring exercise.

    The exercise was undertaken to optimise CIX’s operations and position it to meet the evolving needs of the carbon market, said a spokesperson in response to queries from The Business Times.

    The company was also transitioning from a phase where it was building its capabilities and platforms to being fully operational. Hence, the capabilities required to support the next phase of the company’s growth trajectory have evolved.

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