International IT company ABBYY explained to RB.RU the mass layoffs of employees as a “global business transformation.”
Author:
https://rb.ru/author/pardaeva/
Subscribe to RB.RU on Telegram
As noted in the press service, the company at one time helped many organizations carry out digital transformation and now has started the “path of modernization and transformation” of its business.
“As part of this process, we reorganized key operational functions, many of which were concentrated in certain regions, including finance, accounting, marketing strategies, and research and development,” ABBYY explained.
Global Transformation aims to accelerate innovation and strengthen the company’s position for future growth. At the same time, the press service did not reveal either the number of dismissed employees or their citizenship.
On October 1, ABBYY fired almost all Russian developers in one day. Up to 300 people in the company’s offices around the world could be laid off. One of the employees, in conversation with RB.RU, confirmed his dismissal.
Forbes sources then reported that the company was laying off “expensive” employees to hire “cheap” ones from India in their place.
- ABBYY was founded in 1989 by MIPT student David Yan. I wanted to develop an electronic dictionary for learning foreign languages. A program that helps you find the translation of a word in a few seconds helped make this idea a reality.
- ABBYY’s clients in Russia included Sberbank, Alfa-Bank, the Federal Tax Service, the State Duma of the Russian Federation and the Federal Test Center of the Federal State Budgetary Institution.
- Prior to the start of the Russian military operation in Ukraine, ABBYY transferred the rights to the vast majority of its products from Russia to its US legal entities and, after February 24, 2022, completely abandoned its Russian business.
- Subsequently, ABBYY began the liquidation process of two legal entities in Russia: as of December 22, 2023, Abi LLC ceased its activities and as of June 23, 2024, Abi Production LLC ceased its activities.
Author:
Karina Pardaeva
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
