Trax Layoffs

Industry Retail · Location Singapore · Israel · Subscribe (RSS)

Layoff rounds

300

Employees laid off

Series D

Funding stage

$386M

Total raised

Trax has 3 publicly reported layoff rounds on record between May 3, 2020 and November 22, 2022. A total of about 300 employees were affected across these rounds.

Layoff history

November 22, 2022

Trax cut 80 employees (8% of staff)

80 laid off 8% of workforce Location Singapore

Trax disclosed a workforce reduction affecting its Singapore operations in November 22, 2022. Approximately 80 roles were eliminated.

Source: themarker.com

June 20, 2022

Trax cut 100 employees (12% of staff)

100 laid off 12% of workforce Location Singapore

Trax disclosed a workforce reduction affecting its Singapore operations in June 20, 2022. Approximately 100 roles were eliminated.

Source: en.globes.co.il

May 3, 2020

Trax cut 120 employees (10% of staff)

120 laid off 10% of workforce Location Tel Aviv

Trax disclosed a workforce reduction affecting its Tel Aviv operations in May 3, 2020. Approximately 120 roles were eliminated.

Source: calcalistech.com

Data for Trax is compiled from public WARN Act filings and reporting linked above. See our methodology.