Topic

jobs cut

KPMG Australia to cut hundreds of jobs and reduce partner pay, AFR reports

Published 14 Jul, 2026 04:55pm

KPMG Australia faces whistleblower allegations that it uses confidential client data to win lucrative contracts

Volkswagen CEO says 50,000 more job cuts may be needed to close competitive gap

Published 13 Jul, 2026 02:59pm

The company must work on reducing costs further, having calculated a cost disadvantage versus comparable companies of 20%, says Blume

Salzgitter to take full control of HKM, cut 2,000 jobs

Published 09 Jul, 2026 06:19pm

The company plans to reduce HKM’s workforce to roughly 1,000 positions from around 3,000 by the end of 2028

BBC to cut 550 jobs in cost-saving drive, including news division layoffs

Published 18 Jun, 2026 06:51am

LONDON: Britain’s BBC public service broadcaster will cut 550 jobs, including in its news and content divisions, it...

BBC to cut hundreds of jobs in Britain in news division downsize, FT reports

Published 15 Jun, 2026 11:18am

Departments across the corporation have been ordered to cut about a tenth of their costs under wider plans expected to result in a total of about 2,000 jobs

BBC to cut up to 2,000 jobs under ‘financial pressures’

Published 16 Apr, 2026 07:40am

LONDON: The BBC said on Wednesday that the British broadcasting corporation is set to cut up to 2,000 jobs amid a...

Canada loses 24,800 jobs, but January unemployment rate hits 16-month low

Published 06 Feb, 2026 08:27pm

Full-time employment in January rose by 44,900 jobs while part time employment fell by 69,700 positions

Allianz to cut up to 1,800 jobs due to AI advances, says source

Published 26 Nov, 2025 05:06pm

MUNICH: German insurance group Allianz plans to cut up to 1,800 jobs in its travel insurance division, mainly in...

Telefonica proposes laying off more than 5,000 workers in Spain, union says

Published 24 Nov, 2025 07:07pm

MADRID: Telefonica has proposed laying off 5,040 people in Spain as part of cost-cutting efforts envisaged in its...

Nissan to cut jobs at European regional office as part of global overhaul

Published 14 Nov, 2025 07:51am

Nissan is also creating 34 new roles and opening additional vacancies to support internal redeployment, meaning the final number of redundancies will be lower

Verizon to cut about 15,000 jobs, source says

Published 13 Nov, 2025 09:30pm

Verizon is planning to cut about 15,000 jobs, a person familiar with the matter told Reuters on Thursday. The...

Ford to cut up 1,000 jobs at Germany’s Cologne e-car plant

Published 16 Sep, 2025 02:12pm

In Europe, demand for electric cars remains well below industry forecasts, the statement said.

Novo Nordisk slashes 9,000 jobs to slim down in fierce weight-loss drug battle

Published 10 Sep, 2025 08:51pm

COPENHAGEN: Novo Nordisk the maker of blockbuster weight-loss drug Wegovy, said on Wednesday it will cut 9,000 jobs...

Trump’s tariffs put 100,000 jobs at risk in South Africa, central bank chief says

Published 16 Jul, 2025 02:26pm

JOHANNESBURG: U.S. President Donald Trump’s tariffs on South Africa could cause around 100,000 job losses, with the...

AFP news agency to reduce headcount, foreign network costs

Published 11 Jul, 2025 09:14pm

PARIS: The chairman of Agence France-Presse (AFP) outlined his plans Friday to cut costs at the news agency with a...

Uniper to cut 400 jobs over ‘challenging’ market environment

Published 03 Jul, 2025 05:15pm

FRANKFURT: German state-owned utility Uniper on Thursday said it was planning to cut 400 jobs, or around 5% of its...

Microsoft to lay off up to 9,000 employees, Seattle Times reports

Published 02 Jul, 2025 06:51pm

Microsoft is laying off as much as 4%, or roughly 9,100, of its employees in the largest round of job cuts since...

Oil giant BP cuts thousands of jobs to slash costs

Published 20 Jan, 2025 05:31am

LONDON: British energy giant BP on Thursday said it would axe 4,700 staff jobs, or about five percent of its...

Nokia cuts 2,000 jobs in China, 350 in Europe as part of cost cuts, sources say

Published 17 Oct, 2024 06:09pm

STOCKHOLM: Nokia has laid off close to 2,000 people or about a fifth of its employee base across Greater China and...

Airbus to cut up to 2,500 jobs in space, defence unit

Published 16 Oct, 2024 02:47pm

PARIS: European aviation giant Airbus plans to cut up to 2,500 jobs in its struggling defence and space division, a...

Microsoft to cut 650 support jobs in Xbox Games unit

Published 12 Sep, 2024 05:15pm

Microsoft said it is cutting 650 jobs in its Xbox unit, the third such layoff this year as the company tries to rein...

Samsung Electronics plans global job cuts of up to 30% in some divisions, sources say

Published 11 Sep, 2024 03:11pm

SEOUL/NEW DELHI: Samsung Electronics , the world’s top maker of smartphones, TVs and memory chips, is cutting up to...

Swedish telecoms operator Telia says to cut 3,000 jobs

Published 04 Sep, 2024 11:56am

STOCKHOLM: Swedish telecoms operator Telia said Wednesday it will cut 3,000 jobs as part of a cost-cutting drive...

Stellantis to cut up to 2,450 jobs at Michigan plant

Published 10 Aug, 2024 10:30am

NEW YORK: Auto giant Stellantis announced Friday it will cease production of its entry-level Ram 1500 Classic...

US weekly jobless claims fall more than expected; continuing claims rise

Published 11 Apr, 2024 06:23pm

WASHINGTON: The number of Americans filing new claims for unemployment benefits fell more than expected last week,...

Apple lays off more than 600 staff

Published 05 Apr, 2024 06:34pm

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

India’s Zee cuts staff by about half at Bengaluru’s Technology & Innovation Centre

Published 29 Mar, 2024 09:03pm

BENGALURU: India’s Zee Entertainment on Friday said it has reduced the workforce at its Technology & Innovation...

Vodafone Germany to cut 2,000 jobs in revamp

Published 26 Mar, 2024 05:12pm

FRANKFURT: Vodafone Germany aims to save around 400 million euros ($434.48 million) over the next two years as part...

Unilever to spin off ice cream unit, cut 7,500 jobs for cost savings

Updated 19 Mar, 2024 02:53pm

Unilever said on Tuesday it would spin off its ice cream unit, home to popular brands such as Magnum and Ben &...

US job openings fall marginally in January

Published 06 Mar, 2024 09:19pm

WASHINGTON: U.S. job openings fell marginally in January, while hiring declined as labor market conditions continue...

BR100
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1D 5D 3M 6M 1Y

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Jul 17	278.16
USD PKR Interbank Buying / Jul 17	277.96
USD to Japanese Yen / Jul 17	162.40
USD to Swiss Franc / Jul 17	0.81
Pound Sterling to USD / Jul 17	1.35
Euro to USD / Jul 17	1.14
SOFR % / Jul 17	3.60

Stock	Volume
S&P 500 / Jul 17	7,457.69
India Sensex / Jul 17	78,151.45
Tokyo Nikkei / Jul 17	64,141.12
Nasdaq / Jul 17	25,520.24
Hang Seng / Jul 17	24,562.24
FTSE 100 / Jul 17	10,600.37
Dow Jones / Jul 17	52,146.42
Germany DAX 30 / Jul 17	24,830.98
France CAC40 / Jul 17	8,338.81

Item	Value
Crude Oil USD/Barrel / Jul 17	82.49
Karachi Cotton PKR/37.32 KG / Jul 17	18,780
Gold 10 Grams PKR / Jul 17	361,656
Gold Spot USD/Ounce / Jul 17	4,017.39
Cotton US¢/pound / Jul 17	78.63
Petrol/Litre / Jul 19	316.15
Diesel/Litre / Jul 19	354.35

Gainers
Losers
Leaders

Stock	Price
Dadabhoy Cement / Jul 17 Dadabhoy Cement Industries Limited(DBCI)	17.01 ▲ 1.55 (10.03%)
Ruby Textile / Jul 17 Ruby Textile Mills Limited(RUBY)	17.59 ▲ 1.6 (10.01%)
Crescent Cotton / Jul 17 Crescent Cotton Mills Limited(CCM)	53.68 ▲ 4.88 (10%)
National Silk / Jul 17 The National Silk & Rayon Mills Limited(NSRM)	272.21 ▲ 24.75 (10%)
Suhail Jute / Jul 17 Suhail Jute Mills Limited(SUHJ)	223.96 ▲ 20.36 (10%)
Baba Farid Sugar / Jul 17 Baba Farid Sugar Mills Limited(BAFS)	418.56 ▲ 38.05 (10%)
Shadman Cotton / Jul 17 Shadman Cotton Mills Limited(SHCM)	50.61 ▲ 4.6 (10%)
Asia Ins. / Jul 17 Asia Insurance Company Limited(ASIC)	34.45 ▲ 3.13 (9.99%)
Olympia Mills / Jul 17 Olympia Mills Limited(OML)	107.58 ▲ 9.65 (9.85%)
TPL Trakker Ltd / Jul 17 TPL Trakker Limited(TPLT)	27.91 ▲ 2.5 (9.84%)

Stock	Price
Tariq Corp. (R) / Jul 17 Tariq Corporation Limited(Right)(TCORPR2)	2.70 ▼ -0.89 (-24.79%)
First Punjab Modaraba / Jul 17 First Punjab Modaraba(FPJM)	11.04 ▼ -1.23 (-10.02%)
Khairpur Sug. / Jul 17 Khairpur Sugar Mills Limited(KPUS)	1,871.47 ▼ -207.94 (-10%)
Service Textile / Jul 17 Service Industries Textiles Limited(SERT)	62.27 ▼ -6.92 (-10%)
S.G.Power / Jul 17 S.G. Power Limited(SGPL)	97.59 ▼ -10.84 (-10%)
Mughal Iron & Steel(C) / Jul 17 Mughal Iron & Steel Industries Ltd (C)(MUGHALC)	63 ▼ -6.99 (-9.99%)
Fateh Sports / Jul 17 Fateh Sports Wear Limited(FSWL)	150.29 ▼ -16.65 (-9.97%)
Paramount Spinning / Jul 17 Paramount Spinning Mills Limited(PASM)	10.91 ▼ -1.1 (-9.16%)
Power Cem(Pref) / Jul 17 Power Cement (Pref)(POWERPS)	23.62 ▼ -2.36 (-9.08%)
Supernet Tech. / Jul 17 Supernet Technologies Limited(STL)	41.34 ▼ -3.72 (-8.26%)

Stock	Volume
Cnergyico PK / Jul 17 Cnergyico PK Limited(CNERGY)	86,491,992 ▲ 0.19
TPL Properties / Jul 17 TPL Properties Limited(TPLP)	62,545,194 ▼ -0.67
Pak Refinery / Jul 17 Pakistan Refinery Limited(PRL)	38,580,070 ▲ 2.94
WorldCall Telecom / Jul 17 Worldcall Telecom Limited(WTL)	23,499,606 ▼ -0.04
K-Electric Ltd. / Jul 17 K-Electric Limited(KEL)	18,396,866 ▼ -0.24
Lotte Chemical / Jul 17 Lotte Chemical Pakistan Limited(LOTCHEM)	17,830,259 ▼ -1.32
Hascol Petrol / Jul 17 Hascol Petroleum Limited(HASCOL)	14,534,208 ▼ -0.33
B.O.Punjab / Jul 17 The Bank of Punjab(BOP)	12,503,494 ▼ -0.51
TPL REIT Fund I / Jul 17 TPL REIT Fund I(TPLRF1)	11,458,248 ▼ -0.29
PIA Holding Co.Ltd / Jul 17 PIA Holding Company Limited(PIAHCLA)	10,427,355 ▲ 0.51

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