Story perspectives

Iran's $80 M-daily internet shutdown fuels layoffs, job-search surge

5/11/2026

Summary

Story summary

The government-imposed internet shutdown is estimated to cost Iran up to US$80 million daily, deepening strain on its tech sector.
Babak, a 49-year-old product designer in Tehran, was laid off after the March internet blackout, leaving him unemployed.
A job-search platform recorded 318,000 resumes on April 25, a 50 percent increase over the previous record.
A 60 percent minimum-wage hike in March shocked the economy and accelerated the wave of layoffs.

1 of 1

Story summary

The government-imposed internet shutdown is estimated to cost Iran up to US$80 million daily, deepening strain on its tech sector.
Babak, a 49-year-old product designer in Tehran, was laid off after the March internet blackout, leaving him unemployed.
A job-search platform recorded 318,000 resumes on April 25, a 50 percent increase over the previous record.
A 60 percent minimum-wage hike in March shocked the economy and accelerated the wave of layoffs.