Sony to lay off 900 PlayStation employees, shut London studio Japan’s Sony is cutting about 900 jobs at its PlayStation unit and shutting a studio in London, it said on Tuesday... Published 27 Feb, 2024 07:55pm
Business & Finance Digital media upstart Vice laying off ‘several hundred’ staff: CEO WASHINGTON: Vice, the dynamic, fast-growing digital media company that gained a wide following with young readers,... Published 23 Feb, 2024 05:50pm
Business & Finance India’s SpiceJet to cut jobs, save $12mn annually BENGALURU: Indian low-cost carrier SpiceJet said on Monday that it has started adopting measures to reduce its... Published 12 Feb, 2024 02:02pm
Business & Finance Roche cutting 345 jobs in product development ZURICH: Roche is cutting 345 jobs, Swiss website Muula reported, as the drugs company responds to lower profit... Published 09 Feb, 2024 11:26am
Technology Fortum weighs cutting up to 130 jobs COPENHAGEN: Finnish utility Fortum said on Friday it had started negotiations with labour unions that could see up... Published 26 Jan, 2024 12:26pm
Technology Microsoft lays off 1,900 Activision Blizzard, Xbox staff Microsoft is letting go of 1,900 employees at Activision Blizzard and Xbox this week, news website The Verge... Published 25 Jan, 2024 08:49pm
Business & Finance Lloyds to cut around 1,600 branch jobs in digital switch LONDON: Britain’s biggest domestic bank Lloyds is cutting around 1,600 roles across its branch network, a... Published 25 Jan, 2024 07:15pm
Business & Finance Tata Steel to cut 3,000 jobs in Wales LONDON: Indian-owned Tata Steel is to cut about 3,000 jobs at a plant in Wales, a source with knowledge of the plan... Published 19 Jan, 2024 05:37am
Business & Finance Goldman Sachs to cut more jobs, eyes sharp fall in markets revenue NEW YORK: Goldman Sachs Group Inc plans more workforce reductions as the difficult economic environment weighs on... Published 05 Jun, 2023 03:27am
Business & Finance Amazon to cut 9,000 jobs in second round of layoffs NEW YORK: Amazon.com Inc on Monday said it would axe another 9,000 roles totaling 27,000 job cuts in recent months,... Published 27 Mar, 2023 06:15am
Business & Finance Accenture to cut 19,000 jobs as IT spending slows BENGALURU: Accenture Plc lowered its annual revenue and profit forecasts and decided to cut about 2.5% of its... Published 27 Mar, 2023 06:15am
Business & Finance BASF to cut jobs, close units in response to high energy costs FRANKFURT: German chemical giant BASF said Friday it would cut thousands of jobs worldwide and close several units... Published 24 Feb, 2023 05:00pm
Business & Finance Global banks cut jobs as cost pressures mount LONDON: Global banks are in the process of cutting at least 5,000 jobs as profits at lucrative investment banking... Published 16 Jan, 2023 06:18am
KSE-100 closes above 97,000 for the first time as investors dismiss political noise, index gains 1,782 points