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RIYADH: US technology firm Microsoft Corp. is significantly reducing its Russian business as the war in Ukraine affects the economic outlook, Bloomberg reported.
“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,” the company said in a statement.
“We will continue to fulfill our existing contractual obligations with Russian customers while the suspension of new sales remains in effect,” the statement added.
The operations cut will affect over 400 employees, Bloomberg reported citing Microsoft’s statement.
Other firms have also been scaling back operations in Russia due to its invasion of Ukraine.
Last March, IBM announced its suspension of business in Russia, in addition to Apple and Nike’s halt of sales.