Departure of employees, default risk and burned options. What happens to Yandex?
The topic of release - what happens to Yandex The largest Russian IT company, due to the “special operation”, was on the verge of default, its general director-under sanctions, and the options of thousands of employees were resetting one day. Yandex suspended or reduced investments in new projects in Russia and abroad, got rid of the most toxic assets and examined more than a dozen business restructuring options.