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Iran's war-hit economy sees mass layoffs and business closures
May 3, 2026
Posted 3 hours ago by
Iran's economy is facing mounting pressure as ongoing conflict drives widespread job losses and business closures. Officials say more than 23,000 commercial properties have been damaged by air strikes, with early estimates suggesting up to two million people have lost work. From shoe workshops in Tehran to digital companies, businesses are cutting costs and laying off staff as raw material prices surge and internet disruptions persist.
Decades of sanctions and domestic challenges have compounded the crisis, leaving many workers with dwindling prospects amid rising prices. Al Jazeera's Tohid Asadi reports from Tehran. Subscribe to our channel: http://bit.ly/AJSubscribe Follow us on X: https://X.com/AJEnglish Find us on Facebook: https://www.facebook.com/aljazeera Check our website: http://www.aljazeera.com/ Check out our Instagram page: https://www.instagram.com/aljazeeraenglish/ Download AJE Mobile App: https://aje.news/AJEMobile #Iran #Tehran #IranWar #IranWarEconomicImpact #IranInfrastructureDamage #WarOnIran #IranUnemployment #IranCostOfLiving #IranWarImpact #IranWarCasualities #AlJazeeraEnglish
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