Topics regarding layoffs at Kyndryl

Topics regarding layoffs at Kyndryl

DXC buyout

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.

Layoffs around the corner

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?

Does anyone know of ANY new business?

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?

RA’s and Furloughs

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.

No standby or Overtime

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 

Global Fintech leader Broadridge Financial Solutions announced that it will acquire Kyndryl's Securities Industry Service

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 

Workload Rebalancing is coming

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

Kyndryl Stock Jumps as Earnings Top Estimates

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

The bench - what a joke.

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 

EEOC action against Kyndryl

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.

IBM doing best at what it is best at

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 

Germany kyndryl

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

Why is our CEO so Secretive?

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 

company in trouble

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 

Executive Pay Packages no Longer Contain RSUs

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 

IBM/Kyndryl

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.

Ending of the labor moratorium between IBM and Kyndryl

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 

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| 1601 views | | 8 replies (last March 13, 2024)
Post ID: @OP+1rhqX74I

Resource action

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 

Is there any new business at Kyndryl?

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.

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| 900 views | | 2 replies (last February 18, 2024)
Post ID: @OP+1r6X3z4Z

kyndryl stock.

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

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| 650 views | | 2 replies (last February 16, 2024)
Post ID: @OP+1r4MlNnj

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 

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| 981 views | | 6 replies (last February 12, 2024)
Post ID: @OP+1qZhxH4E

True?

I read somewhere that Kyndryl is doing really bad. Is that true?

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| 890 views | | 3 replies (last February 10, 2024)
Post ID: @OP+1qYVFRNm

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 

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| 881 views | | 3 replies (last February 1, 2024)
Post ID: @OP+1qQ2unAC

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.

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| 771 views | | 1 reply (February 5, 2024)
Post ID: @OP+1qQdKwxT

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 

Shell su-ks

Bureaucrat who only covers his a-s. Not a Leader but phony manager.

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| 751 views | | no replies yet
Post ID: @OP+1qu7npSi

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.

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| 1921 views | | 4 replies (last December 28, 2023)
Post ID: @OP+1pTGuXrS

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 

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| 1900 views | | 6 replies (last January 27, 2024)
Post ID: @OP+1pTWTFOM

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 

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| 1730 views | | 3 replies (last November 15, 2023)
Post ID: @OP+1pmwv4M4

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 

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| 1474 views | | 1 reply (October 31, 2023)
Post ID: @OP+1plK0iMO

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.

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| 1143 views | | no replies yet
Post ID: @OP+1p3Tp9L5

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