VK denies reports of “wave of layoffs” of employees

“VK does not carry out nor does it plan to carry out layoffs. The number of VK employees has not changed since the beginning of 2024 and amounts to about 15 thousand people. At this moment in VK there are dozens of open vacancies in different areas,” explained a representative of the holding company.

Previously, the Telegram channel “Caution, News”, citing VK employees, reported that the company was experiencing a “wave of layoffs” of employees from various departments, including the IT department. According to other sources in the chain, the number of layoffs has already reached 300 people “and will continue to grow.”

Those laid off are offered between 2 and 3 salaries and there is talk of “punctual dismissals,” said the channel’s interlocutors. One of them noted that the cuts have been “discussed in the industry for several days.” Other sources said the layoffs may be due to “the need to optimize costs.”

The day before, the Telegram channel “EZH” (recognized as a foreign agent) wrote about mass layoffs in VK. He noted that the company’s former employees are preparing a class action lawsuit, and those who do not want to leave the holding company are “afraid” of being fired under the article and deprived of a deferral of mandatory military service. This post was later deleted.

• According to Kontur.Focus, VK LLC’s revenue in 2023 amounted to 66 billion rubles, the net loss was 27.7 billion rubles.
• VKontakte LLC’s revenue is 56.7 billion rubles, and net profit is 9.5 billion rubles.
• The income of VK Company LLC is 153.9 million rubles, and the profit is 67 million rubles.
• MKPAO VK, which is the ultimate owner of 100% of the three legal entities, had revenues of 1.4 billion rubles and a net loss of 1.6 billion rubles.