After several companies announced End of operations in Russiaa Cisco He also announced that he would close the business due to the scenario created in the country after the war against Ukraine. However, the company’s decision is not so new, as the company’s activities in the region were suspended in March 2022.
According to Cisco, the company has been monitoring the situation in Russia since March 2022, shortly after the start of the war in Ukraine. “We have now made the decision to liquidate our business in Russia and Belarus on an orderly basis,” Cisco said.
Companies leaving Russia include Microsoft, Nokia, Apple, Ericsson and others. IBM recently announced that it is ending its operations in the country and starting to lay off its employees in the region.
Operation suspended
“We will communicate directly with customers, partners and vendors to the extent permitted by applicable laws and regulations to resolve our financial issues, including reimbursement of prepaid services and software contracts,” the official statement on the website said.
Cisco also said it supports affected employees in Russia and Belarus during the transition, and will communicate to companies and other Cisco partner organizations in the country — including customers, suppliers and other partners — about reimbursements and necessary adjustments.
Source: Tec Mundo
