Russia’s Answer to Microsoft Office Plans Massive Layoffs After Billions in Losses

Russia’s Answer to Microsoft Office Plans Massive Layoffs After Billions in Losses

By Ivan Khomenko
Publication Date: 2026-05-25 11:49:00

Russian software developer MyOffice, which was promoted as a domestic replacement for Microsoft Office, is preparing large-scale staff cuts after reporting multibillion-ruble losses.

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According to Vedomosti on May 25, employees at the company behind the MyOffice software suite—New Cloud Technologies—received internal notices in mid-May warning about upcoming layoffs. Sources cited by the outlet said entire departments could be eliminated, with technical support teams expected to remain among the few unaffected divisions.

The reports follow earlier internal warnings from MyOffice management that the company was facing “serious financial difficulties” despite “significant efforts” during 2025.

“The volume of key business areas has declined, and the current model requires substantial changes to ensure the company’s sustainability,” the CEO wrote.