Russia has reported a wave of layoffs across several industries
The country is seeing a trend toward staff reductions across various sectors, including IT, healthcare, logistics, manufacturing, retail, consulting, and other business services.
This was reported by Alexander Safonov, a professor at the Financial University under the Government of the Russian Federation, citing Russian media.
According to him, these processes are linked to the digital transformation of the economy, the automation of work processes, and the reallocation of resources within companies.
Earlier, Russian media reported on staff cuts in the banking sector, where major financial institutions reduced their workforce by thousands of employees as a result of operational optimization. It is also noted that the wave of layoffs at the end of 2025 also affected budgetary institutions—in particular, the public administration, healthcare, and education sectors.
The Russian Ministry of Finance forecasts a sharp increase in regional budget deficits to $21 billion.
Despite a temporary increase in oil export revenues, Russia’s economy continues to accumulate serious imbalances due to the war and high military spending. The budget deficit is growing rapidly, inflation is accelerating, and reserves are gradually being depleted. Analysts point out that oil revenues are only temporarily masking deeper problems.
Russian authorities are planning massive layoffs of public sector employees amid a sharp rise in the government budget deficit. As of April 1, the number of employees recommended for dismissal reached 105,147. These figures are provided by Rostrud.
