2024-10-01 21:31:00
International software developer ABBYY effectively laid off almost all employees with Russian nationality in its offices in Cyprus, Belgrade and Budapest within an hour. The company explained the layoffs as a “global transformation” and restructuring. Report Royal Bank of Canada October 1.
And about the wave of layoffs wrote Forbes. According to employees, they received a letter Sunday night about an upcoming call with top management. Hungary’s list includes only Russian employees and HR personnel; the same is true for Cyprus and Serbia. During the call, the participant’s chat and microphone are turned off.
“The higher ups said the standard: ‘You are all great, but we need to move on, thank you all, everyone is free, your credentials have been blocked and we will send a final agreement to your personal email,'” One of them said about the relocated company employees.
According to various estimates, 200 to 300 employees were laid off. According to RBC, those laid off were mainly developers, testers and managers from Russia and Belarus. Meanwhile, the cuts did not affect Serbs, Hungarians and resettled Ukrainians, as well as some employees who held Russian passports but were unable to use the code.
Explaining the massive layoffs, an ABBYY representative said the company was “on a path to transform and modernize its business” by restructuring key operating functions. The IT company did not disclose the number of employees who fell during the “reorganization” wave.
Later, Content AI, the successor of ABBYY, report The TASS reporter said she was ready to discuss cooperation with former employees if they returned to Russia.
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