Experts estimate which industries were hardest hit by the pandemic

Small and medium-sized businesses have cut their employee compensation costs the most significantly, Tochka bank analysts estimate.

SMEs working in culture, sports and entertainment were the first to slash their workers’ pay. Between April and May, they cut their payroll costs by 63% compared with March. Education companies cut these costs by 40% during this period.

Dentists and other private clinics’ staff also suffered a deterioration of their working status; their wages were gradually reduced for three consecutive months, RBC writes. Meanwhile, salaries in logistics stabilized in May after falling 12% in April; in May, the reduction was insignificant at 1%.

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