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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Cisco Systems Inc | NASDAQ:CSCO | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 46.79 | 46.75 | 46.89 | 1,502 | 10:44:16 |
From May 2022 to May 2024
By Dean Seal
Cisco Systems Inc. has started a wind-down of its business in Russia and Belarus in response to the war in Ukraine.
The computer networking and online security giant said Thursday that it would support employees Russia and Belarus through the transition as it shuts down operations that had been put on pause back in March, adding that it would channel resources toward helping its "employees, the institutions and people of Ukraine."
"At Cisco, we strongly and unequivocally condemn the unjustified war, and the violence that has been unleashed upon innocent civilians," the company said.
The San Jose, Calif.-based company said is the latest major Western corporation to exit Russia in response to the invasion of Ukraine. It said Thursday that the wind-down isn't expected to affect delivery of products and services outside of Russia, Ukraine and Belarus.
Write to Dean Seal at dean.seal@wsj.com
(END) Dow Jones Newswires
June 23, 2022 12:34 ET (16:34 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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