IBM ends all Russian operations, lays off staff amid Ukraine war: CEO

Following a freeze on 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 begun laying off employees.

In a letter shared with the employees, Krishna stated that the company’s focus for months has been on looking after the safety and security of IBMers and their families in impacted regions.

The company suspended operations back in March but kept employees on the payroll.

“We chose to suspend operations so that we could evaluate longer-term options while continuing to pay and provide for our employees in Russia,” the CEO wrote in the letter.