The Russian IT industry will experience a severe brain drain in the wake of the coronavirus (COVID-19) pandemic and ensuing economic crisis, unless the government introduces support measures for the sector, major local IT companies warn.
In 2020 to 2021, 10,000 to 15,000 IT professionals could leave Russia as the overall economic downturned caused by the pandemic is likely to hit the sector, Natalia Kasperskaya, chair of the board of the Otechestvenny soft (Local Software) association, and Valentin Makarov, president of Russoft association, said in a letter addressed to Prime Minister Mikhail Mishustin.
The two associations’ heads warned that the industry will face massive wage arrears and layoffs, unless it receives government support just like other industries that have suffered from the pandemic.
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