Kaspersky Labs to Scale Back U.S. Operations in Response to Government Restrictions

Tuesday, 16 July 2024, 03:08

Russian cybersecurity company Kaspersky Labs announced the gradual winding down of its U.S. operations starting from July 20, following the Biden administration's decision to restrict sales of the company in the country. The move entails the elimination of all U.S.-based positions, marking a significant shift in Kaspersky's business strategy in response to regulatory challenges from the U.S. government.

Channelnewsasia — Kaspersky Labs to Scale Back U.S. Operations in Response to Government Restrictions

Key Points:

Kaspersky Labs: Russian cybersecurity firm
U.S. Operations: To wind down starting July 20
Impact of Government Restrictions: All U.S.-based positions to be eliminated

The recent decision by Kaspersky Labs to wind down its U.S. operations comes in the wake of regulatory pressure, underscoring the challenges faced by foreign technology companies operating in the U.S. market. This strategic shift reflects the company's response to government restrictions and signals a shift in its global business operations.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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