Summary:
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Closure and Layoffs: Kaspersky Lab is closing its U.S. division and laying off employees following the U.S. Commerce Department’s ban on its software sales in the country, effective July 20.
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Background: The Russian cybersecurity firm has been operating in the U.S. since 2005 but will now “gradually wind down” its operations and eliminate U.S.-based positions due to the ban.
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Initial Response: Despite initially planning to contest the ban in court, Kaspersky confirmed it will comply with the new regulations and cease its U.S. operations.
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