Gazprom is considering cutting about 40% of its headquarters staff - more than 1,500 job cuts - as the Russian gas giant grapples with the loss of most of its sales to Europe, state news agency TASS reported on Monday.

Earlier, media outlets circulated a leaked letter addressed to Gazprom CEO Alexei Miller. The document proposed reducing the number of employees at the central office and its St. Petersburg branch from 4,

Russian energy giant Gazprom plans to cut staff numbers at its central office in St. Petersburg, a company spokesperson said on Monday, as the company faces severe headwinds from the loss of its markets in Europe.