--Microsoft Corp. is substantially reducing its business in Russia on the heels of the invasion of Ukraine in a move that will affect more than 400 employees, Bloomberg reports.

--The technology giant is significantly scaling down its Russian operations as a result of changes to the economic outlook and the impact on its business in the country, Bloomberg reports, citing an emailed statement from the company.

--Microsoft will continue to fulfill existing contractual obligations with Russian customers, while the suspension of new sales implemented in March remains in effect, according to the report.

Full story: https://www.bloomberg.com/news/articles/2022-06-08/microsoft-slashes-russia-operations-after-war-clouds-outlook?sref=cvDKYV7o

Write to Colin Kellaher at colin.kellaher@wsj.com

(END) Dow Jones Newswires

June 08, 2022 06:53 ET (10:53 GMT)

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