DXC to Exit Russia - Matching Employee Donations at 200%

Rhea-AI Summary

DXC Technology publicly condemns the Russian Government's aggression in Ukraine, which has resulted in humanitarian crises. The company prioritizes the safety of its 4,000 employees in Russia by providing shelter, financial assistance, and healthcare. DXC is ceasing operations in Russia, ensuring compliance with sanctions. Aligning with its 'People-first' strategy, the firm is matching employee donations to the Red Cross at 200%. DXC remains committed to supporting its colleagues and assessing the ongoing situation to mitigate impacts on its workforce and operations.

Positive

• DXC is committed to supporting its employees in Russia with shelter, financial aid, and healthcare.
• The company is matching employee donations to the Red Cross at 200%, demonstrating its 'People-first' strategy.

Negative

• DXC is exiting the Russian market, which may lead to disruptions in operations and potential revenue loss.

ASHBURN, Va.--(BUSINESS WIRE)-- DXC Technology condemns the unwarranted aggression from the Russian Government that is leading to the death, injury, and displacement of innocent civilians in Ukraine. DXC stands with every person, company, and government across the world that is calling for an immediate end to this unprovoked attack on Ukraine.

Currently, our number one priority is to care for our colleagues in the region. Our dedicated DXC team is working around the clock to provide shelter, financial assistance, health care, and relocation support to our colleagues and their families.

Based on the aggression from the Russian Government, we are no longer pursuing business in Russia and have committed to exit this market. We have approximately 4,000 colleagues in Russia and are supporting them in this time of need. We continue to support and maintain rigorous compliance with all applicable sanctions levied against Russia.

Aligned with our “People-first” strategy, DXC is matching employee donations to the Red Cross humanitarian efforts at 200% which includes providing direct financial support to our impacted colleagues. We are caring for all our people regardless of their nationality or country of origin.

We will continue to assess the situation and take the required measures leveraging the strength of our global team to help minimize any impact on our DXC colleagues and customers.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services across the Enterprise Technology Stack to drive new levels of performance, competitiveness, and customer experience. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220304005261/en/

Media

Sean B. Pasternak

Corporate Media Relations

1-647-975-7326

Sean.Pasternak@DXC.com

John Sweeney, CFA

Vice President, Investor Relations

+1-980-315-3665

John.Sweeney@DXC.com

Source: DXC Technology

FAQ

What actions is DXC taking in response to the situation in Ukraine?

DXC is ceasing operations in Russia and providing support to its colleagues affected by the conflict.

How many employees does DXC have in Russia?

DXC has approximately 4,000 employees in Russia.

What support is DXC providing to its employees during this crisis?

DXC is offering shelter, financial assistance, healthcare, and relocation support to its employees and their families.

How is DXC Technology supporting humanitarian efforts?

DXC is matching employee donations to the Red Cross at 200% to support humanitarian efforts.