Cisco Systems Pulls Out of Russia, Destroys Millions of Dollars Worth of Equipme...
source link: https://hardware.slashdot.org/story/23/04/05/2031212/cisco-systems-pulls-out-of-russia-destroys-millions-of-dollars-worth-of-equipment
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Cisco Systems Pulls Out of Russia, Destroys Millions of Dollars Worth of Equipment
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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.
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