Ericsson has announced its official exit from Russia due to the country’s invasion of Ukraine. The vendor suspended its business in Russia indefinitely in April of this year, but last week told its Russian unit that it will be shut down and employees will be fired by the end of 2022.
A spokesperson confirmed the move to Mobile World Live, explaining that the company “will gradually wind down business activities in Russia,” adding that it intends to “provide financial and well-being support” for the 400 employees located in Russia.
