Update: From the comments it seems that there were layoffs, but some had some decent severance. There is no agreement on the number but it is estimated to be around 30.
I’m categorizing this as a rumor because I have not been able to confirm this and heard it only from one perspective — a perspective likely to bend the facts. If anyone has more info pls add it to the comments here. If you’re from DPS please help us clairfy this.
Apprently yesterday Digital Processing Systems, or D.P.S, is Islamabad laid off 130 people on a 1-hour notice.
I dont think such a large readjustment of the workforce is a resizing because of financial issues so I dont think this is going to have any effect on the stability of the company.
Where I have seen resizing of this size is typically when a company loses a major account. These companies spend an enormous amount of effort to overcome the image issues associated with this country to try and land foreign deals. However, with the security situation in the country up in the air it is not surprising to find clients pull out. As such, this could be the first example of the impact the political situation is having on the booming economy.
No one consciously wants to lay off people for their enjoyment but that’s the tough reality of projects and services-based businesses.
The one-hour notice part — if true — is rather unfortunate though.