Russia's Microsoft Office challenger forced to shut down offices and fire workers as reports claim it is losing…
- MyOffice closes St. Petersburg and Innopolis development centers, moving remaining staff into Kaspersky Lab's Moscow office after restructuring
- Parent company New Cloud Technologies restated its 2025 accounts in June 2026, raising the net loss from 4.02 billion to 8.82 billion rubles, roughly $107 million, while revenue halved to about 1 billion rubles
- Kaspersky Lab, which owns 68.8%, has moved the asset to "slow burn" mode, with its CEO saying publicly that import substitution does not work in the office segment
Russia's flagship attempt to replace Microsoft Office has closed the office where the product was actually built.
MyOffice, developed by New Cloud Technologies, has reportedly closed its St. Petersburg and Innopolis development centers, according to news outlet Vedomosti (in Russian), which spoke with current and former employees.
CEO Vyacheslav Zakorzhevsky confirmed several offices had closed without saying which ones, and said that remaining staff had moved to the Moscow...
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