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Wave of layoffs amid Middle East crisis affects job market in Cyprus. · Cyprus Report

Economy · Cyprus

Wave of layoffs amid Middle East crisis affects job market in Cyprus.

1 sourceFirst reported 18 days agoUpdated 18 days ago

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A wave of layoffs is being reported, linked to the ongoing crisis in the Middle East.
Recent data from the Cyprus Statistical Service shows a 9.9% increase in registered unemployment in June 2026.
The rise in unemployment has raised concerns about the impact of the Middle East crisis on the labor market.
Employers are reportedly reducing staff in response to economic pressures stemming from the regional instability.

Generated by AI from the 1 sources below · always verify with the originals

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AI summary: catch up in 20 seconds

A wave of layoffs is being reported, linked to the ongoing crisis in the Middle East.
Recent data from the Cyprus Statistical Service shows a 9.9% increase in registered unemployment in June 2026.
The rise in unemployment has raised concerns about the impact of the Middle East crisis on the labor market.
Employers are reportedly reducing staff in response to economic pressures stemming from the regional instability.

Generated by AI from the 1 sources below · always verify with the originals