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layoffs

US planned layoffs drop again in October, recruitment firm Challenger says

U.S. layoff announcements tumbled in October to a three-month low in another sign the job market remains in good...

Published 31 Oct, 2024 04:52pm

Business & Finance

High tax rates, spiraling costs forcing Pakistan’s major companies to pursue the layoff route

KARACHI: High tax rates and spiraling costs have compelled major listed corporations in Pakistan to reduce headcount...

Updated 01 Oct, 2024 02:00pm

Business & Finance

Unilever to cut a third of office jobs in Europe

Unilever plans to cut a third of all office roles in Europe by the end of 2025 as a part of a push by the CEO to...

Published 12 Jul, 2024 06:02pm

World

CNN to cut 100 jobs in major overhaul to focus on digital, memo shows

News outlet CNN will cut about 100 jobs as part of a plan to consolidate news operations and bolster its digital...

Published 10 Jul, 2024 07:58pm

Technology

Tesla to lay off more than 10% of its staff, Electrek reports

Tesla will lay off more than 10% of its workforce, tech publication Electrek reported on Monday, citing an internal...

Published 15 Apr, 2024 03:05pm

Business & Finance

Apple lays off more than 600 staff

WASHINGTON: Apple has laid off more than six hundred employees, according to data from a California state agency,...

Published 05 Apr, 2024 06:34pm

World

US layoffs reach 14-month high amid government, tech cutbacks

NEW YORK: U.S. layoff announcements rose 7% in March to the highest since January 2023, led by technology and...

Published 04 Apr, 2024 04:55pm

Business & Finance

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

Technology

Tencent’s Riot Games to lay off about 11% of staff

Tencent Holdings’ Riot Games plans to lay off 530 employees, or about 11% of its staff globally, the online gaming...

Published 23 Jan, 2024 10:01am

World

Los Angeles Times plans ‘significant’ layoffs, guild says

Los Angeles Times plans to lay off a “significant” number of journalists, the newspaper’s guild said on Thursday,...

Published 19 Jan, 2024 10:21am

Business & Finance

Citigroup employees brace for layoffs, management overhaul

NEW YORK: Citigroup employees expect the bank to announce layoffs and senior management changes on Monday as part of...

Published 20 Nov, 2023 04:42pm

Business & Finance

Winners and losers likely as Switzerland absorbs Credit Suisse layoffs

ZURICH: Switzerland’s financial capital is bracing itself for the biggest wave of job losses in over a decade...

Published 03 Aug, 2023 05:26pm

World

US layoffs halve in June as tech job cuts ease: report

Layoffs in the United States nearly halved in June from a month earlier as job cuts in the technology sector fell,...

Published 06 Jul, 2023 05:22pm

Technology

Spotify to lay off 200 workers in podcast division

Spotify Technology SA said on Monday it would lay off 200 employees in its podcast division, representing about 2%...

Published 05 Jun, 2023 06:34pm

World

US weekly jobless claims rise modestly; layoffs increase in May

WASHINGTON: The number of Americans filing new claims for unemployment benefits increased modestly last week,...

Published 01 Jun, 2023 07:02pm

Business & Finance

Alibaba says to hire this year, refuting layoff rumours

SHANGHAI: Alibaba Group Holding Ltd said on Thursday it planned to hire 15,000 people this year, dismissing rumours...

Published 25 May, 2023 08:04pm

Technology

Meta expects to lay off almost 20% of Irish workforce

DUBLIN: Meta Platforms Inc expects to cut around 490 jobs at its international headquarters in Dublin, or almost 20%...

Published 24 May, 2023 06:41pm

Technology

Facebook owner Meta starts final round of layoffs

NEW YORK: Meta Platforms Inc started carrying out the last batch of a three-part round of layoffs on Wednesday,...

Published 24 May, 2023 05:40pm

World

Google workers in London stage walkout over job cuts

LONDON: Hundreds of Google employees staged a walkout at the company’s London offices on Tuesday, following a...

Published 04 Apr, 2023 04:41pm

Business & Finance

Walmart laying off hundreds of US workers at five e-commerce fulfillment centers

NEW YORK: Hundreds of workers at five U.S. Walmart facilities that fulfill e-commerce orders are being asked to find...

Published 23 Mar, 2023 08:40pm

Business & Finance

Amazon to cut 9,000 jobs in second round of layoffs

Amazon.com Inc said on Monday it would cut 9,000 jobs, making it the latest Big Tech company to announce a second...

Published 20 Mar, 2023 09:17pm

Technology

Facebook-parent Meta to lay off 10,000 employees in second round of job cuts

Facebook-parent Meta Platforms said on Tuesday it would cut 10,000 jobs, just four months after it let go 11,000...

Published 14 Mar, 2023 06:51pm

Business & Finance

Pakistan's auto sector fears massive lay-offs if LC issue persists

Several auto companies have regularly announced shutdowns and some of them say it will be difficult to sustain the...

Published 27 Feb, 2023 10:17pm

Technology

Zoom to shed about 1,300 jobs as pandemic-fueled demand slows

Zoom Video Communications said on Tuesday it would cut 15% of its workforce, or about 1,300 jobs, and trim base pay...

Published 08 Feb, 2023 12:08am

Business & Finance

Daraz Group lays off 11% global workforce to prepare for ‘current market reality’

Decision comes as company ‘prepares for next phase of growth’

Updated 06 Feb, 2023 11:00pm

Business & Finance

Dell to slash about 6,650 jobs

Dell Technologies Inc will eliminate about 6,650 jobs, or about 5% of its global workforce, hurt by falling demand...

Published 06 Feb, 2023 12:38pm

Technology

Philips cuts 6,000 more jobs after sleep device recall

THE HAGUE: Embattled Dutch medical tech maker Philips said on Monday it will slash 6,000 more jobs worldwide after...

Published 30 Jan, 2023 01:15pm

Technology

German software giant SAP to cut 3,000 jobs

FRANKFURT: German software giant SAP on Thursday said it planned to cut some 3,000 jobs this year, joining a wave of...

Published 26 Jan, 2023 02:49pm

Business & Finance

3M to cut 2,500 jobs as demand weakens, profit drops

3M Co said on Tuesday it would cut 2,500 manufacturing jobs after reporting a lower profit, as the U.S. industrial...

Published 24 Jan, 2023 05:50pm

Technology

Spotify to cut 6% of jobs, content head to depart

Spotify Technology SA said on Monday it plans to cut 6% of its workforce and would take a related charge of up to...

Updated 23 Jan, 2023 07:23pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Nov 15	277.70
USD PKR Interbank Buying / Nov 15	277.50
USD to Japanese Yen / Nov 15	154.30
USD to Swiss Franc / Nov 15	0.89
Pound Sterling to USD / Nov 15	1.26
Euro to USD / Nov 15	1.05

Stock	Volume
India Sensex / Nov 14	77,580.31
S&P 500 / Nov 15	5,870.62
Tokyo Nikkei / Nov 15	38,642.91
Nasdaq / Nov 15	18,680.12
Hang Seng / Nov 15	19,426.34
FTSE 100 / Nov 15	8,063.61
Dow Jones / Nov 15	43,444.99
Germany DAX 30 / Nov 15	19,210.81

Item	Value
Crude Oil USD/Barrel / Nov 15	67.02
Gold 10 Grams PKR / Nov 15	233,371.60
Gold Spot USD/Ounce / Nov 15	2,563.25
Cotton US¢/pound / Nov 15	68.91
Karachi Cotton PKR/37.32 KG / Nov 16	18,085
Petrol/Litre / Nov 17	248.38

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▼ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▼ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▼ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▼ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▼ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / Nov 17 786 Investments Limited(786)	6.33 ▲ 0.00 (0.00%)
AL-Abbas Sugar / Nov 17 Al-Abbas Sugar Mills Limited(AABS)	609.73 ▲ 0.00 (0.00%)
Agro Allianz / Nov 17 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / Nov 17 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / Nov 17 Ali Asghar Textile Mills Limited(AATM)	56.65 ▲ 0.00 (0.00%)
Allied Bank / Nov 17 Allied Bank Limited(ABL)	115.07 ▲ 0.00 (0.00%)
Abbott Lab. / Nov 17 Abbott Laboratories (Pakistan) Limited(ABOT)	1,008.83 ▲ 0.00 (0.00%)
Abson Ind. / Nov 17 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / Nov 17 Alfalah Consumer Index ETF.(ACIETF)	12.43 ▲ 0.00 (0.00%)

Stock	Volume
WorldCall Telecom / Nov 17 Worldcall Telecom Limited(WTL)	77,999,077 ▲ 0.00
Fauji Foods Ltd / Nov 17 Fauji Foods Limited(FFL)	70,721,702 ▲ 0.00
Hascol Petrol / Nov 17 Hascol Petroleum Limited(HASCOL)	55,501,231 ▲ 0.00
K-Electric Ltd. / Nov 17 K-Electric Limited(KEL)	36,884,955 ▲ 0.00
Sui South Gas / Nov 17 Sui Southern Gas Company Limited(SSGC)	36,294,630 ▲ 0.00
D.S. Ind. Ltd. / Nov 17 D.S. Industries Limited(DSIL)	32,226,742 ▲ 0.00
TRG Pak Ltd / Nov 17 TRG Pakistan Limited(TRG)	29,018,611 ▲ 0.00
Pak Int.Bulk / Nov 17 Pakistan International Bulk Terminal(PIBTL)	22,405,457 ▲ 0.00
Treet Battery / Nov 17 Treet Battery Limited(TBL)	21,319,898 ▲ 0.00

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