Trends - layoffs - Business Recorder

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 / Dec 18	278.55
USD PKR Interbank Buying / Dec 18	278.25
USD to Japanese Yen / Dec 18	153.63
USD to Swiss Franc / Dec 18	0.89
Pound Sterling to USD / Dec 18	1.27
Euro to USD / Dec 18	1.05

Stock	Volume
S&P 500 / Dec 17	6,050.61
Nasdaq / Dec 17	20,109.06
Dow Jones / Dec 17	43,449.90
India Sensex / Dec 18	80,231.76
Tokyo Nikkei / Dec 18	39,081.71
Hang Seng / Dec 18	19,857.31
FTSE 100 / Dec 18	8,222.99
Germany DAX 30 / Dec 18	20,267.35

Item	Value
Gold 10 Grams PKR / Dec 17	241,860
Petrol/Litre / Dec 18	252.10
Crude Oil USD/Barrel / Dec 18	70.43
Karachi Cotton PKR/37.32 KG / Dec 18	17,585
Gold Spot USD/Ounce / Dec 18	2,644.54
Diesel/Litre / Dec 18	255.38

Gainers
Losers
Leaders

Stock	Price
LSE Capital / Dec 18 LSE Capital Limited(LSECL)	6.70 ▲ 1.00 (17.54%)
S.G.Power / Dec 18 S.G. Power Limited(SGPL)	9.17 ▲ 1.00 (12.24%)
Faran Sugar (R) / Dec 18 Faran Sugar Mills Limited (R)(FRSMR)	9.43 ▲ 1.00 (11.86%)
Gulshan Sp. / Dec 18 Gulshan Spinning Mills Limited(GSPM)	4.47 ▲ 0.42 (10.37%)
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	11.06 ▲ 1.01 (10.05%)
Oilboy Energy / Dec 18 Oilboy Energy Limited(OBOY)	11.50 ▲ 1.05 (10.05%)
Suhail Jute / Dec 18 Suhail Jute Mills Limited(SUHJ)	61.55 ▲ 5.60 (10.01%)
Attock Cement / Dec 18 Attock Cement Pakistan Limited(ACPL)	259.27 ▲ 23.57 (10.00%)
AL-Ghazi Tractors / Dec 18 Al-Ghazi Tractors Limited(AGTL)	564.23 ▲ 51.29 (10.00%)

Stock	Price
National Bank / Dec 18 National Bank of Pakistan(NBP)	66.38 ▼ -7.38 (-10.01%)
First Imrooz Mod. / Dec 18 First Imrooz Modaraba(FIMM)	180.01 ▼ -19.99 (-10.00%)
Imperial Limited / Dec 18 Imperial Limited(IML)	20.16 ▼ -2.24 (-10.00%)
J.A.Textile / Dec 18 J.A. Textile Mills Limited(JATM)	44.37 ▼ -4.93 (-10.00%)
Macter Int. Ltd / Dec 18 Macter International Limited(MACTER)	331.40 ▼ -36.82 (-10.00%)
Mari Petroleum / Dec 18 Mari Petroleum Company Limited(MARI)	728.78 ▼ -80.98 (-10.00%)
Synthetic Prod / Dec 18 Synthetic Products Enterprises Limited(SPEL)	45.89 ▼ -5.10 (-10.00%)
Biafo Ind. / Dec 18 Biafo Industries Limited(BIFO)	198.85 ▼ -22.08 (-9.99%)
Bilal Fibres / Dec 18 Bilal Fibres Limited(BILF)	12.61 ▼ -1.40 (-9.99%)

Stock	Volume
WorldCall Telecom / Dec 18 Worldcall Telecom Limited(WTL)	151,921,663 ▼ -0.15
Pak Elektron / Dec 18 Pak Elektron Limited(PAEL)	107,502,606 ▲ 0.34
Cnergyico PK / Dec 18 Cnergyico PK Limited(CNERGY)	67,234,901 ▼ -0.51
B.O.Punjab / Dec 18 The Bank of Punjab(BOP)	60,136,151 ▲ 0.13
Pak Refinery / Dec 18 Pakistan Refinery Limited(PRL)	55,973,468 ▼ -1.00
K-Electric Ltd. / Dec 18 K-Electric Limited(KEL)	46,669,770 ▼ -0.33
Sui South Gas / Dec 18 Sui Southern Gas Company Limited(SSGC)	42,923,281 ▲ 1.67
PIA Holding Co.Ltd / Dec 18 PIA Holding Company Limited(PIAHCLA)	36,897,118 ▼ -0.46
Aisha Steel Mill / Dec 18 Aisha Steel Mills Limited(ASL)	36,858,206 ▲ 1.01

Markets →

Budget 2024-25: income tax calculator for FY25

layoffs

Most Popular