Russian cybersecurity company Kaspersky Lab has announced that it will be gradually winding down its operations in the United States following a ban imposed by the Department of Commerce. The ban prohibits the firm from selling its products in the US, leading to the decision to lay off its US-based employees.
The shutdown of Kaspersky Lab's US operations is set to commence on July 20, marking the end of nearly two decades of the company's presence in the country. In a statement, the company expressed that the decision was made due to the impact of US legal requirements, rendering business opportunities in the country unviable.
