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Profitability drive, business pivot cited as reasons for CXA layoffs

Profitability drive, business pivot cited as reasons for CXA layoffs

CEO of insurtech startup says that only 12 staff in Singapore, out of a 319-strong regional team, have been laid off
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CEO of insurtech startup says that only 12 staff in Singapore, out of a 319-strong regional team, have been laid off
3 -min read
Listen to this article

Singapore

THE recent layoff of a dozen staff at CXA Group arose from investors wanting to see a "clear path to profitability", while the insurtech startup is seeking to raise US$50 million in Series C funds, chief executive Rosaline Koo told The Business Times in a phone interview....