Trends - layoffs - Business Recorder

layoffs

Intel to lay off more than 20% of workforce

Intel is set to unveil plans this week to slash more than 20% of its workforce, in a move to streamline operations...

Published 23 Apr, 2025 04:48pm

World

Trump admin begins mass layoffs at Voice of America

WASHINGTON: President Donald Trump’s administration on Sunday began mass layoffs at Voice of America and other...

Updated 17 Mar, 2025 09:23pm

Business & Finance

Volkswagen to lay off 1,600 staff at Cariad software unit, Handelsblatt reports

BERLIN: Volkswagen plans to lay off 1,600 staff at its Cariad software unit by the end of the year, the Handelsblatt...

Published 11 Mar, 2025 08:46pm

Business & Finance

Microchip Technology to lay off 2,000 employees

Microchip Technology said on Monday it will cut around 2,000 jobs, or about 9% of its workforce, as the chipmaker...

Published 03 Mar, 2025 05:25pm

World

Trump orders more layoffs, Musk touts cuts at cabinet meeting

WASHINGTON: U.S. President Donald Trump’s administration on Wednesday ordered federal agencies to undertake more...

Published 27 Feb, 2025 08:43am

Business & Finance

Starbucks to cut 1,100 corporate roles in CEO Niccol’s turnaround push

Starbucks said on Monday it would eliminate 1,100 corporate roles as CEO Brian Niccol pushes ahead with his...

Published 24 Feb, 2025 08:58pm

World

Packaging firm International Paper to close four US plants, cut 1% of global jobs

International Paper said on Thursday it was shutting down four production facilities in the U.S. and laying off...

Published 13 Feb, 2025 09:43pm

Business & Finance

Boeing warns moon rocket program employees of layoffs

SEATTLE: Boeing warned on Saturday of layoffs in its Space Launch System moon rocket program, saying it expects to...

Published 08 Feb, 2025 12:14pm

World

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

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 25	281.17
USD PKR Interbank Buying / Apr 25	280.97
USD to Japanese Yen / Apr 25	143.67
USD to Swiss Franc / Apr 25	0.83
Pound Sterling to USD / Apr 25	1.33
Euro to USD / Apr 25	1.14
UK LIBOR % / Apr 24	4.96

Stock	Volume
S&P 500 / Apr 25	5,525.21
India Sensex / Apr 25	79,212.53
Tokyo Nikkei / Apr 25	35,705.74
Nasdaq / Apr 25	17,382.94
Hang Seng / Apr 25	21,980.74
FTSE 100 / Apr 25	8,415.25
Dow Jones / Apr 25	40,113.50
Germany DAX 30 / Apr 25	22,242.45
France CAC40 / Apr 25	7,536.26

Item	Value
Crude Oil USD/Barrel / Apr 25	63.17
Karachi Cotton PKR/37.32 KG / Apr 25	16,985
Gold 10 Grams PKR / Apr 25	298,950
Gold Spot USD/Ounce / Apr 25	3,327.60
Cotton US¢/pound / Apr 25	68.80
Petrol/Litre / Apr 27	254.63
Diesel/Litre / Apr 27	258.64

Gainers
Losers
Leaders

Stock	Price
First Capital Equities / Apr 25 First Capital Equities Limited(FCEL)	4.92 ▲ 0.96 (24.24%)
PICIC Ins.Ltd. / Apr 25 PICIC Insurance Limited(PIL)	3.14 ▲ 0.5 (18.94%)
Dewan Mushtaq / Apr 25 Dewan Mushtaq Textile Mills Limited(DMTM)	7.99 ▲ 1 (14.31%)
Pak. P.V.C. / Apr 25 Pakistan PVC Limited(PPVC)	8.26 ▲ 1 (13.77%)
J.K.Spinning / Apr 25 J.K. Spinning Mills Limited(JKSM)	61.90 ▲ 5.63 (10.01%)
At-Tahur Ltd. / Apr 25 At-Tahur Limited(PREMA)	86.74 ▲ 7.89 (10.01%)
Shezan Inter. / Apr 25 Shezan International Limited(SHEZ)	203.03 ▲ 18.46 (10%)
Sunrays Textile / Apr 25 Sunrays Textile Mills Limited(SUTM)	156.38 ▲ 14.22 (10%)
PIA Holding Co.B / Apr 25 PIA Holding Company Limited B(PIAHCLB)	3,282.29 ▲ 298.39 (10%)
S.S.Oil / Apr 25 S.S.Oil Mills Limited(SSOM)	357.05 ▲ 32.46 (10%)

Stock	Price
Engro Powergen / Apr 25 Engro Powergen Qadirpur Limited(EPQL)	28.71 ▼ -10.13 (-26.08%)
Ghani Chemworld / Apr 25 Ghani Chemworld Limited(GCWL)	8 ▼ -1 (-11.11%)
Samba Bank / Apr 25 Samba Bank Limited(SBL)	8.01 ▼ -0.99 (-11%)
Arpak Int. / Apr 25 Arpak International Investments Ltd.(ARPAK)	56.66 ▼ -6.29 (-9.99%)
Blue-Ex Ltd / Apr 25 Blue-Ex Limited (GEM)(GEMBLUEX)	47.38 ▼ -5.26 (-9.99%)
Saif Power Ltd. / Apr 25 Saif Power Limited(SPWL)	12.31 ▼ -1.3 (-9.55%)
Shaheen Ins. / Apr 25 Shaheen Insurance Company Limited(SHNI)	5.25 ▼ -0.46 (-8.06%)
Equity Modaraba / Apr 25 First Equity Modaraba(FEM)	2.75 ▼ -0.24 (-8.03%)
GlaxoSmithKline / Apr 25 GlaxoSmithKline Pakistan Limited(GLAXO)	409.57 ▼ -34.89 (-7.85%)
AKD Hospitality / Apr 25 AKD Hospitality Limited(AKDHL)	136.65 ▼ -10.81 (-7.33%)

Stock	Volume
WorldCall Telecom / Apr 25 Worldcall Telecom Limited(WTL)	22,789,497 ▼ -0.02
Power Cement / Apr 25 Power Cement Limited(POWER)	21,965,614 ▼ -0.17
Sui South Gas / Apr 25 Sui Southern Gas Company Limited(SSGC)	21,567,163 ▼ -0.56
B.O.Punjab / Apr 25 The Bank of Punjab(BOP)	19,825,526 ▼ -0.08
K-Electric Ltd. / Apr 25 K-Electric Limited(KEL)	17,030,953 ▼ -0.04
Aisha Steel Mill / Apr 25 Aisha Steel Mills Limited(ASL)	16,751,796 ▲ 0.59
Cnergyico PK / Apr 25 Cnergyico PK Limited(CNERGY)	16,717,262 ▼ -0.17
Pak Int.Bulk / Apr 25 Pakistan International Bulk Terminal(PIBTL)	16,382,803 ▲ 0.14
Sui North Gas / Apr 25 Sui Northern Gas Pipelines Limited(SNGP)	13,338,455 ▲ 0.33
Secure Logistics / Apr 25 Secure Logistics Group Limited(SLGL)	12,723,116 ▲ 1.13

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