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You're being gaslit

Pay equity? That's a massive raise for the CEO and "meaningful increases" for low-mid rank salaries, but 2 years of 0% awards for director level and above.

HR said to focus on total comp but oh dear what's that you say cumulative inflation since Covid is nearly 30%? No time for any more questions I'm afraid.


New Comp for Retail Q2 - Less Pay

New comp for retail is coming… it’ll be announced next week but they’re doing away with strategic multiplier and solely relying on bucket dollars. Reps and ASM at risk will go up but no chance for Sr Mgr or Dir… kinda feel like they want us to quit before they have to fire us.

Someone said it’s prepping for a structure of 2 ASMs in each store and that’s it.

Who else knows???


Layoffs before bonus payout

Getting word that layoffs will be ramping up before corporate bonuses are set to be announced and paid out. If you are let go before the bonus actually hits your direct deposit, then you will get absolutely nothing for enduring last year. Heads up and brace yourself for once again another large round of layoffs. Meanwhile, all the VPs and above are getting extra perks their way (trips, special luxury gifts, stock).
Additionally, if you are fortunate enough to stay, your annual compensation review will probably be on existing since they’ve forced all management to not give high employee reviews to prevent low incentive increase and lowest bonus payouts.


Okay, Here's what the Fraud Drama is About

I think it's worth simplifying the story what is actually being investigated by the SEC. Basically, in March 2025 Gotham City Research accused Kyndryl and namely CEO & chairman Martin Schroeter of major issues surrounding cash flow. Firstly, it is important to note that Martin, as chairman, created a pay package for himself based mostly on the metric of free cash. Over 50% of his compensation is based on free cash. Since the report came out almost a year ago, Martin cannot claim ignorance.

So, what is free cash? Free cash is essentially the extra spending money a business has. So, they are free to use it as they please.

Now, the issues are that Kyndryl was sure doing a lot of gymnastics to inflate this number.

One allegation is that Kyndryl sold receivables to the bank and called that "revenue". Receivables are essentially IOUs for one-time payments. Kyndryl sold those to the bank and made it look like these loans are recurring revenue.

The allegations that the SEC are investigating also stem from the Gotham City report. This allegation says Kyndryl aggressively timed vendor payments to increase cash holdings and called that cash "free". This is like showing your spouse how much "spending money" you have in your bank account but failing to tell them you have that money because you missed your house payments. They have admitted to abnormalities in delaying vendor payments between quarters, which means they were punting expenses into away to call the cash to pay those expenses "free cash". That is clearly fraud.

Recently, Kyndryl, upon disclosing this information fired their CFO and general counsel, while claiming these two executives were not transparent with the CEO or the board. However, Kyndryl has decided NOT to let CEO Martin Schroeter lead any remediation plan, which will instead be led by the brand new interim CFO and interim general counsel. This is an obvious break showing they don't think shareholders trust Martin anymore.

Basically, if these allegations prove true, Martin will have to argue in court that he was an oblivious id--t instead of a criminal.


Ode to the deceased P4P statement

Remember the Pay for Performance statement? Them were the days! You could see well in advance your AIP and the date it was being deposited. At this point so far into February, I am not even sure we are getting AIP this year. And no, trolls, I am not betting the farm on AIP or planning on a single cent. I just realized we had not received it yet and in the good old days we always had it first week of February. RIP Pay for Performance statement, I made fun of you at the time, but now I realize you were actually good transparency. Don't even get me started on the olden era of quarterly profit sharing. I am still going down with this ship, but have to marvel nearly daily how Good to Great has gone from Great to Ghastly.


It Pays To Be the Boss

As the overlords graciously granted us peasants a “very good” 134% payout for our hard work and “solid financial results”, the board just granted ole GoGo 29,000 more RSUs for his terrific performance in 2025! Let that sink in.

https://d18rn0p25nwr6d.cloudfront.net/CIK-0001534701/a7bfac30-da8c-47b9-8e35-f281dee459b1.pdf


Prior Year Bonus Payment?

Does anyone know if prior year bonuses are paid-out if an employee resigns before the pay date in the current year? Obviously I cannot ask our HRBP because they’ll know about my departure before I’m ready to give notice.

This is specifically about a US-based employee.

While we are it, does anyone know if the quarterly bonuses due to revenue generating plans are paid-out if the employee leaves before the paycheck arrives?

Thanks!


Time for a union

It's time the staff came together and unionised. Ubisoft are doing a global strike and TU employees should do the same.
Upcoming Pay rises except for India are a joke and below inflation.
Constantly increasing demand on staff, reducing headcount and expecting us to deliver more under constant threat of losing jobs.
Let's stand together, step outside and demand fair treatment and resignations of the terrible leadership we are under.