For instance, Karachi-based TPS implemented pay cuts to keep employees from losing their jobs in these difficult times. Similarly, Lahore-based NorthBay Solutions has announced 25pc pay cuts, whereas Zameen.com has reportedly opted for 10pc pay cuts. A day ago, prominent software company NetSol Technologies announced that it was laying off several employees, besides cutting the salaries by 20-30pc across the board. It will be implementing a pay cut on employees making more than Rs150,000. A very limited number of resources making less than Rs150,000 might get a salary cut as well,” stated the company in an internal email sent to employees.

Source: Pakistan Today April 03, 2020 12:11 UTC