RetailSG

Trax Layoffs

November 2022

Trax announced a layoff affecting 80 employees (8% of its workforce) in November 2022. The company operates in the Retail sector.

People Affected

Percentage

Announced Date

Nov 22, 2022

About

Trax, the Israeli-Singaporean retail technology company, laid off 80 employees in November 2022, representing approximately 8% of its workforce of 900 employees and 100 subcontractors. The layoffs affected both its global operations and its Israeli branch, which employed 200 people, at a similar proportion. The company, which develops technology for consumer goods manufacturers and retail chains, did not publicly disclose the specific reasons for this workforce reduction.