IBM and Microsoft will lay off hundreds of employees in Russia as the tech giants reduce their footprints in the country in response to its invasion of Ukraine. IBM CEO Arvind Krishna told employees ...

After suspending all commercial activity in Russia, along with the termination of software sales and cooperation with Russian defense enterprises in early March of 2022, US tech giant IBM announced ...

As the Russia/Ukraine war continues, so too do various unfortunate consequences from it as businesses pull out of operations in Russia or face issues for not supporting it. IBM had already begun to ...

IBM Corporation (the United States) has appointed Bohdan Khoroschak new director-general of the company in Ukraine from August 13, 2019, according to the website of the company. “I am very pleased to ...

IBM fell Tuesday as a strong US dollar and the loss of the Russian market dented cash-flow projections. Shares were lower despite the company beating sales growth estimates. IBM is currently pushing ...

IBM (NYSE: IBM) announced today that the National Bank of Ukraine has adopted IBM's smarter computing approach to IT to help simplify the management and protection of billions of financial records ...

IBM breaks new ground in Ukraine with $200m Ukrsotsbank IT outsourcing deal UniCredit-owned Ukrainian bank PJSC Ukrsotsbank has signed a 10-year, $200 million IT systems and processes outsourcing ...

IBM announced an "orderly wind-down" of its Russian operations. Microsoft is significantly scaling down operations in the country.

Nearly 1,000 Western companies are pulling back on business operations in Russia, the Wall Street Journal reports. Global companies have lost about $59 billion amid sanctions, hasty exits, and ...

International Business Machines Corp.'s suspension of its Russian operations is costing the tech giant some highly profitable business. In 2021, IBM generated about $300 million in revenue in the ...