Latest News by Industry
• Bloomberg reported that more than 400 employees will be affected
Microsoft Corp. (NASDAQ: MSFT) has joined the growing list of businesses that have cut or exited from their operations in Russia after the country invaded Ukraine.
The news was first reported by Bloomberg that quoted a Microsoft spokesperson saying, “As a result of the changes to the economic outlook and the impact on our business in Russia, we have made the decision to significantly scale down our operations in Russia.”
Bloomberg reported that more than 400 employees will be affected. “We are working closely with impacted employees to ensure they are treated with respect and have our full support during this difficult time,” Microsoft told Bloomberg.
The company had earlier suspended new sales of products and services in Russia but continued to support existing customers and maintain offices there.
Source - Bloomberg
Also Read:
Alibaba's Russian venture lays off 40% of staff amid war with Ukraine
Starbucks to exit Russia after nearly 15 years, closing down 130 cafes