New Delhi: After a halt to activities in Russia earlier this year, IBM CEO Arvind Krishna has informed employees that the company is ending all operations in the country and has started laying off employees. In a letter shared with employees, Krishna said that the company’s focus for months has been on looking after the safety and security of IBMers and their families in the affected areas.
The company suspended operations in March but placed employees on the payroll. “We chose to suspend operations so that we can evaluate long-term options while paying and providing our employees in Russia,” the CEO wrote in the letter.
“As the consequences of the war continue to grow and the uncertainty about its long-term effects continues to grow, we have now made the decision to systematically close IBM’s business in Russia,” he said.
He mentioned that the company sees this move as both right and necessary, and a natural next step after the business suspension.
“We recognize that this news is difficult, and I want to assure them that IBM will stand by them and will take all appropriate steps to provide support and facilitate their transition as smoothly as possible,” he said. Read also: RBI MPC Announcements: RBI raises FY23 inflation estimate to 6.7%
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