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Luxoft to Move 500 Programmers From Ukraine, Russia Amid Risks

Luxoft Holding Inc., a provider of computer services employing programmers in Russia and Ukraine, is set to move about 500 of them from the two countries after Western clients cited risks stemming from political tensions.

The relocations are part of a plan to eventually have no more than 20 percent of its workers in any one geographical region, Luxoft Chief Executive Officer Dmitry Loschinin said in a phone interview. Clients in the U.S. and Europe urged the company to reduce exposure to Ukraine and Russia, he said, declining to name the customers.