other material
confidence high
sentiment negative
materiality 0.85
EPAM begins exiting Russia operations; relocating employees over next three months
EPAM Systems, Inc.
- Begins process to exit Russia operations; phased completion over next three months.
- Accelerating relocation of Russia-based employees; significant number already moved.
- Will continue operations in Belarus with separate business continuity plans.
- Over 14,000 Ukraine-based employees; vast majority in safe locations with 2021 productivity levels.
- Previously announced $100M humanitarian commitment to support Ukraine employees and families.