In short: IBM has begun the process of laying off all of its employees in Russia three months after it suspended operations in the country following its invasion of Ukraine. The company says an “organized” rollback is the next natural step, and that it will continue to stay on the sidelines and support the local workforce.
Like many big technology firms, IBM suspended its operations in Russia shortly after the country invaded a neighboring country. Since then, the company has been paying its employees in Russia, but chairman and chief executive officer Arvind Krishna last month warned that tougher sanctions on Russian banks are making it harder to keep workers on the payroll.
AT mail in the IBM newsroom announcing the layoffs, Krishna wrote: “This process will begin today and will result in a division of our local workforce. Our colleagues in Russia, through no fault of their own, have endured months of stress and uncertainty.”
Looks like IBM Russian site was also removed.
Russia accounted for only a tiny fraction of IBM’s total revenue: about 0.5%, or $300 million, of the company’s $57.4 billion in revenue. Competitor HP, on the contrary, says that the termination of sales in Russia and Belarus will cost her dearly. 1 billion dollars in lost sales annually.
Krishna said that IBM will take all reasonable steps to support its employees in Russia and make the transition as streamlined as possible.
IBM, Intel, AMD and others are leaving Russia and Taiwan. restriction of its export chips up to 25MHz, the country is investing in its own microelectronics industry in hopes of ramping up production by using its current 90nm node and making 28nm chips. by 2030. This may turn into Chinese chips Zhaoxin x86but they are of little use except for office work.
Credit: www.techspot.com /