Luxoft contributed 536 developers from Russia and Ukraine to Europe
Luxoft , one of the most well-known software developers, has already transported 536 developers from Russia and Ukraine to Europe. New employees now work in Poland, Romania and Bulgaria, Vedomosti reports. Luxoft reported this in its financial report for 2015. In the new fiscal year, the company plans to attract as many developers from Russia and Ukraine.
The move itself is carried out under the Global Upgrade program, which allows reducing the operational and macroeconomic risks of the company. According to the management, the company plans to ensure that no more than 25% of the staff work in each of the offices. Now 42% of Luxoft employees work in Ukraine, although a year earlier this figure reached 49%. In Russia, no more than 25% of employees work, versus 30% a year earlier.
The Global Upgrade program was announced at the end of May last year, even before the ruble fell against the dollar. Luxoft CEO Dmitry Loshchinin explained the need to introduce a relocation program for employees to reduce the risks to the company's business, since Luxoft customers became concerned about the problem of events in Ukraine and sanctions against Russia.
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The total number of employees in the Russian and Ukrainian offices of the companies has not changed. Thus, 1832 engineers are currently working in various cities of Russia, and 3167 developers work in Ukraine. The staff of the company is recruited through successful business. So, only this year Luxoft revenue increased by 30.7%.
According to Sberbank CIB analyst Julia Gordeeva, the company transports mainly project managers and leading developers, those of them who are working on European projects.
According to the 2015 report, 80.1% of the developer’s revenue comes from the company's 10 largest customers. At the same time, 36.3% of Luxoft's revenue came from Deutsche Bank, and 20.1% from UBS.
The move itself is carried out under the Global Upgrade program, which allows reducing the operational and macroeconomic risks of the company. According to the management, the company plans to ensure that no more than 25% of the staff work in each of the offices. Now 42% of Luxoft employees work in Ukraine, although a year earlier this figure reached 49%. In Russia, no more than 25% of employees work, versus 30% a year earlier.
The Global Upgrade program was announced at the end of May last year, even before the ruble fell against the dollar. Luxoft CEO Dmitry Loshchinin explained the need to introduce a relocation program for employees to reduce the risks to the company's business, since Luxoft customers became concerned about the problem of events in Ukraine and sanctions against Russia.
')
The total number of employees in the Russian and Ukrainian offices of the companies has not changed. Thus, 1832 engineers are currently working in various cities of Russia, and 3167 developers work in Ukraine. The staff of the company is recruited through successful business. So, only this year Luxoft revenue increased by 30.7%.
According to Sberbank CIB analyst Julia Gordeeva, the company transports mainly project managers and leading developers, those of them who are working on European projects.
According to the 2015 report, 80.1% of the developer’s revenue comes from the company's 10 largest customers. At the same time, 36.3% of Luxoft's revenue came from Deutsche Bank, and 20.1% from UBS.
Source: https://habr.com/ru/post/292190/
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