One in Ten Companies in russia Is Cutting Staff Due to Economic Downturn

This autumn, one in ten companies in russia plans to reduce its workforce. Businesses are forced to cut costs due to falling demand, higher taxes, rising loan prices, and the need to raise salaries for a small circle of key employees.

The largest reductions are expected in construction, retail, consulting, engineering, and mining. The most vulnerable are young professionals, administrative staff, marketers, non-technical IT workers, and anyone whose work does not generate direct profits. In industry, low-skilled workers have been hit hard, as they are being actively replaced by machines and automated processes.

At the same time, even the largest state-owned corporations have been affected by the cuts. Gazprom has already announced the dismissal of 1,600 employees from its central office, and the Rostec aviation corporation plans to cut about 1,500 management positions in moscow.

Despite official statistics on the “shortage of personnel”, the situation on the russian labor market is rapidly deteriorating. russia’s economy is entering a phase of systemic cuts, which will inevitably affect consumer activity and the well-being of the population, especially in the regions.