“Technology company Yandex wants to leave Russia in favor of jobs in the Netherlands” – IT Pro – News

Russian technology company Yandex, which has a search engine and Internet browser like Google, may leave Russia. The company reportedly wants to operate partly from the Netherlands and the United States. This would create 50 to 100 jobs in the Netherlands.

According to The New York Times Sanctions imposed by the West against Russia make it difficult for Yandex to develop and improve products. The company is said to have been involved in self-driving cars, cloud services, online education software, and artificial intelligence before Russia’s invasion of Ukraine. However, due to the sanctions, Western companies are not allowed to do business with Russia, which means that the development of these technologies has been halted. Yandex wants to split and sell a number of divisions, according to the American newspaper.

In addition to the search engine, the company also has a browser, a meal delivery service, and a taxi service. Would you like to sell these divisions and the Yandex name and then follow the four latest technologies outside of Russia. According to NOS This would create around 50 to 100 jobs at the company’s headquarters in the Netherlands. The head office is currently in Schiphol, but may move to Amsterdam. It is said that the Dutch branch will mainly revolve around improving algorithms. The self-driving car division may move to the United States. There is no clarity yet about other divisions.

By the way, the company could not leave Russia without a fight. For example, permission must first be obtained from the Kremlin to transfer technologies registered in Russia to other countries. In addition, buyers must be found. It is also questionable whether the shareholders would agree to the division of the company.