The Business Times
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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

    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.

    Carbon MarketsLayoffsSingaporeESGCarbon TradingCarbon credits

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