ABBYY Layoffs
Industry Data · Location Nicosia · Cyprus · Subscribe (RSS)
ABBYY has 1 publicly reported layoff round on record (most recent October 1, 2024). A total of about 200 employees were affected across these rounds.
Layoff history
ABBYY, the US-headquartered document processing and AI company, cut between 200 and 300 employees in early October 2024, terminating staff who held Russian citizenship across its offices in Cyprus, Serbia, and Hungary. Those offices had been established specifically to accommodate Russian developers who relocated after the start of Russia's 2022 invasion of Ukraine. Employees described the dismissals as abrupt: on a Sunday evening, a mandatory meeting appeared on calendars, chats were disabled before the call began, and system access was revoked immediately after management announced the decision. The company said only that it had "embarked on a path of business transformation and modernization" and had "reorganized" key operations including R&D. Sources familiar with the situation said US clients had raised concerns about Russian nationals having access to sensitive American corporate data.
Reason: business transformation, restructuring of R&D; alleged client data-access concerns
Source: bignewsnetwork.com
Data for ABBYY is compiled from public WARN Act filings and reporting linked above. See our methodology.