IBM leaves Russia completely and lays off hundreds of employees

IBM Corporation has announced its final withdrawal from Russia. Hundreds of Russian workers will be laid off.

This was reported by RBC-Ukraine, citing Reuters.

“As the effects of the war continue to grow and uncertainty over its long-term consequences grows, we have decided to move ahead with a systematic shutdown of IBM’s business in Russia,” IBM CEO Arvind Krishna wrote in a memo.

He said in a statement to Reuters that hundreds of workers were working in Russia and that the company would not be able to pay them in the long run in light of the tightening of sanctions.

“Our colleagues in Russia, without any fault of their own, have gone through months of stress and uncertainty … I want to assure them that IBM will continue to support them and take all reasonable steps to the best of their ability,” Krishna added.

Recall that in March, IBM suspended the sale of technology to Russia and condemned the war against Ukraine.

Previously, there were names of international organizations operating in the Russian Federation.

Read urgent and important messages about Russia’s war against Ukraine on RBC-Ukraine Telegram Channel.

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