- Published on March 4, 2022
- In IT Services
Ukrainian crisis puts tech talent and global chip supply at risk
Pre-invasion, Kyiv, Lviv, Kharkiv and Dnipro used to be major IT hubs in Ukraine.
- By SharathKumar Nair
The Russian invasion of Ukraine has severely impacted global markets. Prices of commodities such as wheat and gas have skyrocketed after Russia declared war on Ukraine. However, the conflict has not only resulted in commodities prices rising but has also created severe challenges for tech companies.
Ukraine, pre-invasion, was one of the favourite destinations for global tech companies. The easy availability of skilled talent resources and low cost of living attracted many IT companies to set up their offices in Ukraine.
With a talent pool of over 24,000 IT professionals, Ukraine transformed itself into a leading IT outsourcing destination in Europe. In fact, the outsourcing industry in Ukraine is expected to reach USD 8.4 billion of industry export volume by 2025.
The Russia
📣 Want to advertise in AIM? Book here
SharathKumar Nair
Sharath is an ardent believer in the ‘Transhumanism’ movement. Anything and everything about technology excites him. At Analytics India Magazine, he writes about artificial intelligence, cybersecurity and the impact these emerging technologies have on day-to-day human lives. When not working on a story, he spends his time reading tech novels and watching sci-fi movies and series.
Related Posts
Top 10 Companies That Crowned Hyderabad as India’s Greenfield GCC Leader in 2025
Telangana has attracted over 75 greenfield GCCs in 2025, compared with 40-plus in Karnataka.
The AI Coding Gold Rush Ends Where Harness Begins
“Only 30% of software engineering happens on the laptop. The real 70% starts after you commit the code,” says Jyoti
How Gradient-Boosting is Quietly Powering India’s Research Push
From groundwater and slopes to carbon sinks, tools like CatBoost are enabling Indian scientists to extract insights and drive sustainability.
India’s Data Centre Boom Is Running Into a Talent Wall
With capacity expected to more than double this decade, the industry is investing in training as graduates struggle to meet
This Firm Wants to be the ‘Next Big Disruptor’ in Networking
Arrcus positions itself as a horizontal software layer that can run across different types of networking hardware.
Will 2026 be the year of AI IPOs?
With CoreWeave’s listing and Fractal Analytics going for an IPO, an array of AI companies are now looking to raise
Fighting Deepfakes May Not Be a Technology Problem
Defenders must be active at all times, while attackers need only one opportunity.
India’s Data Centre Expansion Is Decentralising
Without compute buildup beyond metros, the next wave of digital adoption will be constrained
Download the easiest way to
stay informed
stay informed
