IBM lays off all of its employees and shuts all operations in Russia

IBM CEO Arvind Krishna informed employees that the company is ending all operations in Russia after several months of freezing activities in Russia. He stated that the company’s focus in the next few months will be looking after the safety and security of all employees and their families in impacted regions.

Additionally, the CEO revealed that IBM has begun laying off employees in Russia. In early March, the New York-headquartered multinational technology corporation announced the suspension of its business in Russia after President Vladimir Putin ordered the invasion of Ukraine, but kept employees on the payroll.

In the statement, IBM's Chairman, President and CEO Krishna said, “On March 7th, I shared with you our decision to suspend IBM's business operations in Russia due to the war in Ukraine. Our focus for months has been on looking after the safety and security of IBMers and their families in impacted regions.”

Krishna further said, “We recognise 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.” He also thanked IBMers' everywhere for all they have done to help the company, clients and communities navigate this crisis.