FLM mentioned that resource reduction is happening in some departments. Has Anyone heard anything about recent layoff/reduction?

@OP+1tTcbbmu

Don't believe everything you read on twitter

https://deloitte.wsj.com/cio/kyndryl-cio-go-fast-go-big-go-global-7172f41d Fresh off a spinoff, Kyndryl carried out a transformation program aimed at increasing agility while keeping professionals’ and customers’ needs at the forefront By: ... — read more 

https://www.reuters.com/technology/kyndryl-records-first-quarterly-profit-consulting-strengthens-2024-07-31/ By: Reuters July 31, 2024 3:21 PM CDT | Updated 3 days ago July 31 (Reuters) - IT services provider Kyndryl Holdings recorded its first... — read more 

I still don’t think we will get ahead. Too much debt around the neck and not enough growth to cover for it. Your thoughts?

If Kyndryl buys DXC, you are gonna be looking for a job 12 months later. Kyndryl is already at the breaking point financially. This company has no business taking on that amount of debt and risk. Let's also mention Apollo this company is a shark. It... — read more 

Does someone knows situation in Poland and delivery centers in Wrocław and Katowice? Is it bad? How about Czechia and Brno? Someone mentioned lower that Procurement department in Slovakia will be closed. How is rest of service there? Is everything... — read more 

I see we had another lack luster quarterly earnings release. I also see that Kyndryl borrowed 500 million bucks. to cover the 500 million debt due in November of 2024. Basically they are using debt to cover debt. Kyndryl is using senior notes. It's a... — read more 

Don't tire yourself out for Kyndryl. This place doesn't deserve it. I had high hopes when I accepted this job but it took a year to completely disillusion me. Hard work means very little here so why bother? My current goal is to do just the minimum I... — read more 

Do we have any idea what's going on there?

Kyndryl has decided to layoff an entire arm of the procurement team in Slovakia ,an estimated 150 employees including middle and senior management that were an integral part of its CTO and Dispute team.The move was welcomed by AT@T and other vendor... — read more 

I have been with this company for almost a year. I find my work environment to be pleasant enough. There definitely, some acrimony in this company. That being said Meh i have seen and experienced worst.

Both companies are being sued AT THE SAME TIME! Download the Complaint "A cadre of top executives developed and implemented the plan while the Human Resources and Finance we-ponized artificial intelligence and scoring algorithms against IBM’s older... — read more 

Or we can breathe for a moment?

Does Kyndryl offer UK staff enhanced redundancy payments or standard terms?

https://www.bizjournals.com/washington/news/2024/06/11/dxc-technology-apollo-global-kyndryl-acquisition.html By: Alan Kline – Senior Editor, Washington Business Journal Jun 11, 2024 Updated Jun 11, 2024 1:18pm EDT DXC Technology Co. (NYSE: DXC)... — read more 

Just having a look at this board from DXC. I see it’s the same shithole here as it is there. Can someone plz advise if Kyndryl give pay rises yearly? Most DXC staff haven’t had one for years.

I'm hearing rumors about mass layoffs. Anyone else? When are layoffs most likely to happen with Kyndry's fiscal calendar being what it is?

Is there any new business? I'm not talking about deals like the Bank of Uzbeinvek or other garbage like that. Does anyone work in Business Development anymore?

Mass RA in finance in the US, subk’s being asked to take multiple days furloughs before end of June. What’s happening in other countries, pls comment.

New directive from bean counters at Kyndryl: no standby or overtime. So folks who were getting oncall allowances wobt get it anymore. Solution is: POD is a “magical” solution, put people in shifts 24x7 thereby eliminating standby. In some areas... — read more 

How much do you think will be the shared success plan pay out this year 🤔

So it's interesting that Kyndryl sold off a profitable division - https://ca.finance.yahoo.com/news/broadridge-kyndryl-partner-canadian-wealth-123000085.html I get that it's not like the rest of the company, but it seemed be making a decent amount... — read more 

And they don’t hide it. Fiscal 2025 outlook includes a $100 million workload rebalancing cost. It is clearly on the slides.

From Barron's: Kyndryl Stock Jumps as Earnings Top Estimates. The IBM Spinoff Gets Closer to Returning to Growth. https://www.barrons.com/articles/kyndryl-earnings-stock-price-ibm-spinoff-11b82f4b?siteid=yhoof2

First I wish Kyndryl would be honest - it has nothing against RAs, as long as they're silent and posed as a "chance to upskill". They're purposively letting go under a certain amount of employees so they don't have to report it as relayed by a... — read more 

From what I heard, Kyndryl is seeing a series of EEOC investigations based off of Discrimination Retaliation/Targeting Cronyism There are numerous other EEOC in works per some employees.

I see IBM filed a W.A.R.N with the state of North Carolina. That only means one thing. IBM is going to be laying off a ton of it"s workforce sorry ( rebalancing ). This means we should expect Kyndryl to follow suit. I fully expect they will. We are... — read more 

Realistically speaking, the timing of any of Kyndryl's actions will be customer-driven rather than by the terms of the IBM/Kyndryl split. Given the nature of typical outsourcing agreements, not a single thing will be "moved", "migrated" or even... — read more 

From 800 employees they seek 110 volunteers to leave the company. Business ist not going well.

I mean, seriously. I've seen no email updates on the company, no office hours, no anything. Does he exist? In all my other jobs the CEO always gave updates on company direction and strategy, but here I feel like the company is running on autopilot. — read more 

Are we currently going through layoffs.

It is all a house of cards, Kyndryl is not a profitable company period full stop period. If it was there would be no debt. If there was to be any debt on the books. It would come from actual investment in employee's and company innovation, expansion... — read more 

I've noticed in this year's executive payment summary that most C-Suite executives (including Schroeter, the CEO and chairman who approved these packages) has removed RSUs from this year's packages, opting for grants instead. This makes me... — read more 

Are we still in Big Blues shadow. Any idea when Kyndryl will start becoming it's own company. Kyndryl still uses' a lot of IBM's business models and practices.

Does anybody have an idea when the labor agreement ends between IBM and Kyndryl? I thought Kyndryl made a deal with IBM not to mass layoff it's workforce for at least two years. So if this is the case when does the agreement end. So I can start... — read more 

Did we just have a quiet layoff ( resource rebalancing)? I am hearing through channels that we are quietly losing employee's. Kyndryl is giving notice quietly and in small numbers to certain unfortunate workers to turn in their laptops in. I think... — read more 

Sure, we see the press releases about some small bank in the middle of Uzbekistan, but there isn't any new business is there? Existing contracts are not being renewed. It's a matter of time.

With the rising value of Kyndryl stock of lately. Will this lead to better stability for the company and employee's.