Cisco Systems Pulls Out of Russia, Destroys Millions of Dollars Worth of Equipment
As it became known, Cisco Systems decided to physically destroy spare parts, product demonstrations, equipment and even furniture. The value of the destroyed stock is estimated at [$23.42 million]. The company has also disposed of fixed assets worth [$12,600]. By the end of 2022, Cisco Systems had reduced its workforce by a factor of 12 to five employees. The company terminated contracts with the rest in mid-2022, paying them a total of [$2.4 million]. The TASS Russian News Agency first reported the news.
Read more of this story at Slashdot.