Russia's gas giant braces for mass layoffs amid plunging profits

By Newsweek   |   1 week ago
Russia's gas giant braces for mass layoffs amid plunging profits

Gazprom, Russia's gas giant, faces revenue decline due to sanctions post Ukraine invasion, prompting possible staff cuts. Challenges include dwindling revenues, losses, and reduced market share in Europe. Sanctions aim to pressure Russia economically. The company plans to optimize costs and streamline operations.

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