IBM closing down Russian business, starts laying off workers – Washington Times

IBM is getting rid of its footprint in Russia amid the war in Ukraine, making it the latest American tech company to overhaul its work because of the war.

IBM CEO Arvind Krishna said in an internal message to employees that the company would undertake an “orderly wind-down” of its business in Russia after previously suspending operations while paying Russian employees. Mr. Krishna said the growing toll of the war drove IBM’s decision.

“This process will commence today and result in the separation of our local workforce,” Mr. Krishna said in the May 30 memo made public by IBM on Tuesday. “Our colleagues in Russia have, through no fault of their own, endured months of stress and uncertainty. We recognize that this news is difficult, and I want to assure them that IBM will continue to stand by them and take all reasonable steps to provide support and make their transition as orderly as possible.”

IBM appeared to have more than 1,000 workers in Russia ahead of the layoffs, according to…

Read Full Story: https://www.washingtontimes.com/news/2022/jun/8/ibm-closing-down-russian-business-starts-laying-wo/

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