Layoffs in Russian Business Sectors Projected at 15% for 2025
Job Market Switch-Up in 2025 Russia: A Closer Look
In the first quarter of 2025, the employment landscape in Russia has undergone significant changes, with job vacancies dwindling by around 15% compared to the previous year, as reported by diverse sources such as Vedomosti and SuperJob.
The sectors hit hardest by this trend include Human Resources, Training, Automotive Business, Agriculture, Transport, Logistics, Transportation, Strategy, Investments, Consulting, and Procurement, each experiencing a decline of over 20%.
The shift in the job market can be attributed to a variety of factors, as suggested by economic experts. Here's a breakdown:
- Internal Talent Reservoir: Companies are increasingly relying on their existing employees to fill vacancies, shifting workloads across departments and branches, and consolidating job functions.
- Employee Retention Policies: With the labor market becoming more competitive, businesses are focusing on retaining their current workforce.
- Economic Downturn: Small and medium-sized enterprises, particularly in regions, are exhibiting a slowdown in hiring new employees, reflecting an overall economic stagnation.
- Sector-Specific Challenges: Key industries such as IT, retail, construction, and agriculture are experiencing unique challenges that are contributing to job vacancy reductions. In the IT sector, for example, there have been widespread layoffs, particularly among junior developers and specialists who work with foreign systems.
While Russia is currently experiencing record-low unemployment rates, findings indicate a significant worker shortage of approximately 2.6 million workers. This situation has created intense competition for labor in the non-military sector, as the war effort has led to a substantial outflow of working-age men from the civilian labor market.
As the economic landscape evolves, it's important to stay informed about new trends and challenges. Keep an eye on our updates for more insights on the ever-changing job market!
In the changing employment landscape of Russia, the sectors most affected include business and finance, as companies are consolidating roles and reliance on internal talent reservoirs increases. To retain their workforce, businesses are also focusing on stronger employee retention policies as the competition for labor intensifies due to workers shortage.
