July 15, 2024 at 05:44PM
Kaspersky will close its US operations and lay off fewer than 50 employees due to President Biden’s ban on the Russian business. The ban prohibits sales and updates in the US starting July 20 and will affect national security. The company, operating in the US for nearly 20 years, acknowledged the impact and decided to cease business in the country.
Based on the meeting notes, the key takeaways are:
– Kaspersky will be shutting down its American operations and laying off fewer than 50 employees due to the ban on the Russian business by President Biden.
– The closure will start from July 20 and eliminate US-based positions, and the company will no longer be allowed to sell software in the US to new customers after that date.
– Kaspersky plans to wind down its US operations and pursue legal action over the ban, but has ultimately decided that business opportunities in the US are no longer viable.
– The company will focus on investing in strategic markets, serving customers globally, and continuing to protect them from cyberthreats.