With the rising value of Kyndryl stock of lately. Will this lead to better stability for the company and employee's.
You would think the only way is up
Listening to all those earnings call analyses, you would think that Kyndryl is not only a great company with a bright future but also a company with a competitive vision. I feel like we are more in servicing mode, with a model which allows us just to... — read more
True?
I read somewhere that Kyndryl is doing really bad. Is that true?
Kyndryl Had a Bad Quarter, Yet Some Outlets are Shilling for Them
This is really pi----g me off. Looking at the last quarter's results, I see bad numbers, yet online people keep saying "MaNaGeMeNt'S pLaN iS WoRkInG!!!!" providing no information as to why or how. I guess a -126.53% miss on EPS is magically good for... — read more
Who the He-l is Martin Schroeter?
I tried doing some research on him, but there's almost nothing out there. No wikipedia article, no articles, journals, publications or anything. I know he was IBM's CFO for a while, and that he may have committed securities fraud, but I really... — read more
Is anybody else not motivated to look for another job?
It's not that I don't want to leave, but with the job market in the state that it is, I'm worried there are way too many people applying for the same jobs. Which means that the rejection rates will be higher than usual, and I really don't want to... — read more
Predictions for Quarterly Earnings Call
Kyndryl is like the extended car warranty of the tech world, so I don't see anything promising happening with current management. I think years from now they will probably barely be breaking even, if that.
Can We Please Fire Schroeter?
Why do we need to be limited by this man who was practically fired from IBM in 2020? He looks and acts drunk during meetings, and is a total jerk to people around the office. He has a reputation for cooking the books and accounting tricks. He is the... — read more
Kyndryl doing all the right things for growth!
Layoffs what layoffs, this company is growing. Kyndryl stock is increasing in value. Management is shoring up incoming revenues, the partnerships being developed ensure money in the bank. I truly believe this company has found the lift under It's... — read more
Kyndryl company in crisis
Simple question, will Kyndryl thrive and grow?
Shell su-ks
Bureaucrat who only covers his a-s. Not a Leader but phony manager.
What is it like to work directly under Schroeter?
I'm asking because I want to know if it is a good idea to take a position an assistant.
Kyndryl trying to layoff IBMers
Kyndryl appears to be releasing ex-IBMers from Kyndryl. There appears to be a pattern where they immediately release employees from the position and move them to bench. Then they ask them to find a job within 2 months within the company or move on... — read more
Layoffs ??
Any Layoffs happening with in kyndryl, comment below.
Nefarious Policies
Very controversial** Kyndryl laying off employees without providing a reason or anything to do with performance to save severance pay. 2 Months to find a job within Kyndryl that too around Holidays, after that you are out. Mgmt trying to hire more... — read more
CEO Securities Fraud Allegation
"Schroeter was rewarded handsomely for his complicity in the fraudulent scheme being appointed CEO of Kyndryl, the new independent company that was created following the spin-off of IBM’s Managed Infrastructure Services... — read more
IBM 2.0?
May be 2 years since the "separation" from IBM but KD still operates and is being run by IBM relics, specifically managers and those on the frontline. The same IBM method of operation is there: Get 12 people on a conf call when maybe 2 people can... — read more
Kyndryl and kyndryl china
https://www.theregister.com/2023/09/28/former_ibm_services_outfit_kyndryl/ No layoff just a separation from Kyndryl China. Around 6000 employees. Interesting article.
Layoff Updates
Rumors are flying, does someone have info to share?
Checking the "woke" box
From Amy: "We want to acknowledge the pain caused by the hateful act of violence targeting members of the Black community this past week in Jacksonville, Florida. Far too often we’re reminded that hate and prejudice exist in the world. At Kyndryl... — read more
Kyndryl layoff of Experis Contractors Aug 4 2023
Got the dreaded Friday phone call. At least two Experis contractors laid off from Kyndryl. Access cut that day to Kyndryl. And of course send the laptop back. Might be many more.
Any layoffs in Kyndryl recently?
Some re-Org has happened in my BU end of july and heard some changes in other BUs.
Kyndryl yearly salary appraisal
How many percent is Kyndryl yearly salary appraisal?
Will Kyndryl turn out the same way?
Cutting edge skills don't come for free...somebody has to do the training, either via coursework or learning on the job. If Kyndryl management treats the employees like IBM did, then it doesn't matter who the employees are or where they came... — read more
ESP and GDP bonus
Do you know please what ESP in Kyndryl? Is it the same as GDP bonus?
IBM Dinosaurs
Kyndryl is going to be much better without IBM dinosaurs. What do you think?
Many lay offs in Europe
Not sure about USA, but many RAs happening in Europe.
Kyndryl Consult
Can anyone describe what this new group Kyndryl Consult is all about? A recruiter said they can pay up to $375k. Sounds like a Band 10 role. Is that group trying to be like IBM GBS? Or Accenture/McKinsey consulting? More important, why would an... — read more
GDP bonus and salary appraisal
Do you know if Kyndryl is paying GDP bonus in June/July? And raising salaries?
New Lay offs
When do you expect that Kyndryl ll start next round of lay offs??
Surprised Kyndryl isn'y laying off by the thousands.
Super surprised that this message board isn't lit up. Thought this ship would be sinking faster.
Victim of Ageism?
If you believe you were a victim of ageism. contact Wright & Greenhill in Austin before you sign anything. I am NOT associated with them in any way, but I do know of several plaintiffs who used them
Obsessing over getting laid off....
I think the hardest part of this for many people is the poor way in which layoffs were handled. Long tenured or not, it makes little difference. The poor and unreasonably slow legal responses to severance negotiations and cr-ppy offers in other... — read more
Laid-off 60-year-old Kyndryl exec says he was told IT giant wanted 'new blood'
https://www.theregister.com/2023/06/02/age_kyndryl_ibm/ "As spinoff quietly erases claim that average age in mainframe group was 35" "After being informed that he was going to be laid off, Mr DeGruccio spoke with his manager who told him it was... — read more
Hahahahahaha.....who are you kidding...?
https://www.kyndryl.com/us/en/about-us/news/2023/06/kyndryl-earns-newsweek-most-loved-workplaces-award This doesn't match my experience in the least. It has to have been a purchased or 'sponsored' award.
More on Kyndryl Age Based Layoffs
The amended complaint [PDF] expands on these allegations, arguing Kyndryl carried out layoffs "as a part of IBM's continued targeting of older workers for termination" and that Kyndryl carried out that strategy – ensuring that older workers left the... — read more
Cuts continue in bits and bytes....
Cuts in Canada continue, some bench people ( a small amount) pulled back, it's clear they really are not managing this very well at all. In Canada there seems to be some nepotism at play as the Canada director apparently employs his nephew on his... — read more
Strong Story About Ageism At Kyndryl. Read it!
Link to story below: Of 420 US workers tapped by Kyndryl for this particular round of "transformation," 156 people (37 percent) between the ages of 25 and 70 lost their jobs, at an average age of 55. And 264 people (63 percent) between the ages of... — read more
Kyndryl stock taking a beating....
https://seekingalpha.com/news/3972684-kyndryl-stock-drops-after-company-expects-2024-revenue-to-decline-6-8 I get that lousy pre spinoff contracts that were part of an IBM products package weren't profitable and now they're dumping them...and that... — read more
I'm the one that posted this...:
"If you were laid off recently, were you given the ages...." The answer appears to be YES. Please check the last few pages of your Employee Information Package. The last ones I checked had an average layoff age of 54. Were yours the same?