From post#6944 of AdmSmith’s thread:
“Russian gas giant Gazprom suffered net losses from January to June 2024 almost double those in the same period last year.
Losses in the first half of 2024 totalled 480.64 billion rubles ($5.5 billion), while those in the first half of 2023 totalled 255 billion rubles ($2.95 billion), according to Gazprom financial statements,”.
(Loss of European market share and a bigger tax take to fund the war are probably the main contributors to these losses - but breakdown in their production capacity is likely also accumulating at some varying rate.)
Gazprom had a net loss in 2023. But they are taxed on revenue, not profit. To pay taxes, they had to sell some of their assets, mostly real estate.
Gazprom has 500,000 employees.
When will they layoff 200,000?
Less revenue, means less employees.