CXA Group


Layoff Date:

March 24, 2021

Laid Off Employees:


Laid Off Percent:

Source: Tech in Asia
Hello readers, The new cool in the startup world: Being SaaS-y. And yes, by SaaS, I mean software-as-a-service. Take for example the popular video conferencing platform Zoom, which has recently begun licensing its technology to other companies. And here's another example: Singapore-based insurtech startup CXA Group sold its lucrative brokerage service to go full SaaS. But while the firm said that its new business model is leaner and more profitable, it recently laid off its whole Vietnam team. What's going on? Today we look at: AD. Remove this ad space by subscribing. Support independent journalism. Why CXA Group is shutting down its tech hub in Vietnam What's happening in Myanmar's tech community? (This was a difficult story for our journalist Simon Huang to research, do interviews for, and write, given the humanitarian crisis that the country is going through. Our hearts are with the people of Myanmar.) Other newsy highlights, such as Tencent's woes over the merger of Huya and Douyu, and the Netflix of Indonesia looking to go public via SPAC
Hiring? Create your free Drafted account
Create you free account to join companies like and Karat who use Drafted to power their referral hiring.
Create Free Account ->
Join over 7,000 readers to get the scoop on layoffs.
Your weekly briefing about layoffs, shutdowns, and department cuts sent to your inbox every Thursday.
Have a tip about an upcoming layoff?
Leave an anonymous tip or list of departing employees👇
Leave a Tip ->
About the Layoff List
The Layoff List was created in 2019 and is free for the community. Tips reported are left anonymous unless they explicitly ask to be included as a source.
We verify a majority of tips and include independent sources, but for tips that we are unable to verify we separately categorize them as unverified reports to avoid misrepresentations.