Iran sees mass redundancies from war with US and Israel

Iran sees mass redundancies from war with US and Israel14 minutes agoShareSaveAdd as preferred on GoogleBehrang TajdinEconomics correspondent, BBC PersianEPASoaring inflation and rising job losses are deepening the crisis in IranIran has been hit by a massive wave of redundancies, both directly and indirectly as a result of the conflict with the US and Israel.Its Deputy Work and Social Security Minister, Gholamhossein Mohammadi, said two days ago that two million people had lost their jobs because of the war.The widespread lay-offs are one of the biggest topics of conversation among ordinary Iranians on social media. Employers and government officials euphemistically refer to it as "balancing the workforce". The impact goes far beyond factories closed down after being hit by air strikes. It also includes other manufacturers, retailers, import and export business, and the digital sector."You can see it from the emptiness of the metro," posted one user on X. "You can see it from the abundance of parking spaces near the office," said another. "You can get it from the emptiness of the Hemmat [highway in Tehran]. My one-and-a-half hour journey took only half an hour," came another comment.The war has also had a negative impact on consumer spending, with many people cutting back to essentials, which has reduced demand in sectors such as tourism, restaurants, and retailers other than groceries.The Iranian authorities' decision to impose an internet blackout since the war broke out has also hit Iran's relatively thriving tech and digital sectors.Officials say the decision to shut down the internet was taken for security reasons, suggesting that it is to prevent surveillance, espionage and cyber-attacks. It took the same step during the brutal clampdown of protests earlier this year, which was mainly aimed at restricting protesters' ability to organise and access information.Back in January, Iran's Information and C...