The Russian office software developer New Cloud Technologies (brand MyOffice) is initiating large-scale layoffs. The company’s CEO, Vyacheslav Zakorzhevsky, in a letter to employees dated March 23, 2026, acknowledged “serious financial difficulties” and the need for a radical business restructuring.
Financial indicators and the scale of the crisis:
- Losses: For the period 2023–2024, the company’s net loss amounted to 6.2 billion rubles. Data for 2025 has not yet been consolidated, but judging by the announced restructuring, the downward trend has persisted.
- Workforce: The company’s staff exceeds 1,000 people. The exact number of positions to be cut is not specified, but the notifications over the next two weeks are described as “mass.”
- Causes: Management cites a decline in key business areas. Despite the departure of Microsoft, the domestic alternative failed to ensure the financial sustainability of its model.
Analysis and Conclusion: The collapse of a flagship of Russian software is a signal that the resource of administrative import substitution is exhausted. High development costs combined with a limited domestic market and the impossibility of Western expansion have created a financial trap. Even with state involvement and sanction pressure, Russian corporate users often prefer “grey” schemes for using Western software or free Open Source solutions, making the business model of paid domestic analogs structurally unprofitable without constant state subsidies.