IKEA lays off 10,000 employees after halting Russia operations in March

Swedish ready-to-assemble furniture retailer IKEA said it had to cut 10,000 jobs in Russia after halting its operations in the country in March over the Russia-Ukraine war. IKEA shut down its stores in Russia and said it would sell factories. "The war in Ukraine is a human tragedy that is continuing to affect people and communities," IKEA had earlier said.