IBM decided to lay off the entire Russian workforce

The Russian Federation’s invasion of Ukraine at the end of February has been one of the biggest global events in recent years. After Russia did not withdraw from Ukraine, many European and US-based companies began to impose sanctions against Russia. These sanctions, with the participation of many technology giants, including Apple and Google, caused serious damage to western operations in Russia. IBM, which stopped its operations in the country in March, decided to lay off its entire workforce.

IBM declares its employees not guilty

IBM CEO Arvind Krishna has announced that IBM will begin to “regularly” cease operations in Russia. The firm stopped its operations in Russia in March, but continued to pay its employees. However, due to the sanctions imposed by the USA on Russian banks, it became difficult for the company to pay the salaries of its employees, and the company decided to lay off the entire workforce. Krishna stated that his employees in Russia were not at fault, and that they had to experience serious stress and uncertainty throughout the entire process. Although IBM will lay off its employees, he stated that he will be with them in this process and will do their best to facilitate the process.