MOSCOW — May 25, 2026 : New Cloud Technologies, the Russian software developer behind the MyOffice office productivity suite, is preparing large-scale workforce reductions after reporting multibillion-ruble losses and a sharp decline in revenue, according to reports from Russian business newspaper Vedomosti. The planned restructuring marks a significant challenge for Russia’s broader effort to replace Western software products with domestic alternatives.
Employees at the company reportedly received internal notifications in mid-May warning of upcoming staff cuts across multiple divisions. Sources familiar with the matter told Vedomosti that entire departments may be dissolved as part of the restructuring, while technical support operations are expected to remain largely intact to ensure continuity for existing customers and government clients.
MyOffice was launched in 2014 by businessman Dmitry Komissarov as part of Russia’s long-term import-substitution strategy aimed at reducing dependence on foreign technology providers, particularly following sanctions and increasing geopolitical tensions. The software suite was promoted as a domestic replacement for Microsoft Office and later adopted by several Russian public institutions, including the State Duma, which reportedly allocated more than 20 million rubles in 2023 for MyOffice licenses to support the transition away from Microsoft products.
Financial Decline Deepens
The planned layoffs follow what company management described as a period of severe financial deterioration despite restructuring efforts undertaken throughout 2025. In an internal letter to staff, Chief Executive Officer Vyacheslav Zakorzhevsky acknowledged declining performance across major business segments, stating that the company’s operational model required substantial changes to ensure long-term sustainability.
Financial records from Russia’s SPARK corporate database indicate that New Cloud Technologies employed slightly more than 1,000 personnel at the conclusion of 2025. During the same period, the company recorded a net loss exceeding 4 billion rubles (approximately $50 million), more than tripling compared with losses reported a year earlier.
Revenue performance also weakened considerably. According to financial statements referenced by Vedomosti, company revenue declined by approximately 50 percent in 2025, falling to around 1 billion rubles (approximately $12.7 million). Debt obligations to the company’s majority shareholder simultaneously increased by roughly one-third, reaching nearly 25 billion rubles (around $318 million).
Historical financial data further shows that MyOffice has struggled to sustain profitability over time. The company reported positive net income only once in the previous five fiscal years, posting a profit of 386.5 million rubles in 2022.
Workforce Disputes Emerge
The restructuring process has also generated internal tensions between management and employees. Former staff members cited by Vedomosti alleged that company leadership initially sought to encourage workers to resign voluntarily, a move that would reduce severance-related costs.
According to those accounts, employees were reportedly warned about possible disciplinary dismissal for relatively minor workplace violations, including arriving around ten minutes late to work or submitting travel documentation after reporting deadlines.
In response, employees reportedly formed a labor union and formally warned management about potential legal proceedings concerning alleged unlawful dismissal practices.
Zakorzhevsky had earlier informed staff on March 23, 2026, that restructuring plans would involve revisions to the company’s organizational structure and product portfolio. He also reportedly assured employees that the process would comply with Russian labor regulations and that affected staff could receive consideration for vacant positions at Kaspersky Lab.
Ownership and Broader Economic Context
Corporate registry records show that Russian cybersecurity company Kaspersky Lab currently holds approximately 68.8 percent of New Cloud Technologies, making it the majority shareholder. Founder Dmitry Komissarov retains a smaller stake of roughly 5 percent.
The operational difficulties facing MyOffice coincide with broader concerns surrounding Russia’s corporate sector. Earlier assessments issued by Ukraine’s Foreign Intelligence Service suggested that both private and state-linked Russian companies could begin broader workforce reductions during mid-2026 amid elevated interest rates, weaker commercial revenues, slowing consumer demand, and mounting macroeconomic pressure.
Neither New Cloud Technologies nor company management disclosed the exact number of jobs expected to be eliminated or a timeline for completing the layoffs.
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