To me, this whole bench program is a deception to reduce staff, by consolidating work onto remaining employees, that will result in more overworked personnel getting burned out. The bottom line is to save on money to increase share holders... — read more 

https://www.networkworld.com/article/3692251/kyndryl-lays-off-staff-in-search-of-efficiency.html Kyndryl, the managed IT services provider that spun out of IBM, has announced layoffs that could affect its own internal IT services. “We are... — read more 

Bloomberg.com's coverage -- https://www.bloomberg.com/news/articles/2023-03-29/ibm-spinoff-kyndryl-cuts-small-percentage-of-90-000-workforce#xj4y7vzkg By: Brody Ford March 29, 2023, 9:11 PM UTC Kyndryl Holdings Inc., a 2021 spinoff from IBM with... — read more 

Yep, ya got that right! "It's like déjà vu all over again." https://wraltechwire.com/2023/03/30/layoffs-hit-ibm-spinoff-kyndryl-triggering-memories-of-big-blue-job-cuts/ Note the article says too: "However, a layoff notice has not been filed... — read more 

A friend told me their manager mentioned that layoffs are done - for now. Granted, he could have been talking specifically about their group since they've been affected already, but I'm hoping he meant the entire company. So far I haven't heard of... — read more 

...and anyone that's worked at IBM and now Kyndryl understands that it's an ongoing process. Most are numb to it I imagine. It doesn't take an MBA to see that it's not a profitable business, IBM let it got for a reason, and the number one cost is... — read more 

I heard rumors that many more cuts will follow.

... Executive Bonus and interest rate!

Is it true that there is a kyndryl layoff in asset management ? We got asked to come all my team to the office! No reason given! So it is very weird

US got hit today. Other Countries to follow this week.

https://hbr.org/2022/12/what-companies-still-get-wrong-about-layoffs Today it’s difficult to read the news without seeing an announcement of layoffs. Just this week, Morgan Stanley announced it will reduce its workforce by 2%, Buzzfeed said it would... — read more 

So it seems the 'Bench' program has started at Kyndryl as they sort through staff and seek to layoff folks that they feel have reached an end to their usefulness. They'll be going through the motions of finding these folks roles but really...they... — read more 

Making the right moves?? Apparently this analyst hasn't been tracking the stock price nor the revenues since Kyndryl became a company. https://www.forbes.com/sites/patrickmoorhead/2023/01/26/kyndryl--spinoff-from-ibm-making-the-right-moves/

Your comrades are gone from IBM too!

JC, practice lead, made those comments earlier this week at an all-hands call for Cyber & Resiliency practice (" we have too many employees, we have $40m in expenses we need to clean up if we want a job next year"). Nice motivator!

Soon to be swallowed-up by an Indian body shop, once it hits penny stock territory. https://www.theregister.com/2022/11/03/kyndryl_q2_fiscal_2023/

Launched Kyndryl Bridge, Kyndryl Vital and Kyndryl Consult, reflecting commitment to innovation and expansion of value-creating services

Do all of the contracts expire next month or something?

I spent more than a decade in IBM and am now part of Kyndryl ( US). I got an offer with almost the same package somewhere else. Is it prudent to move on in these turbulent times? The only positive thing I feel about Kyndryl is work-life balance. ... — read more 

He even has the audacity to put that on his own LinkedIn! https://www.linkedin.com/in/schroeter-martin Um, "the world's largest IT infrastructure services firm" has a lower Market Cap than Xerox ... and Cr--ker Barrel? (it's true, look it up). ... — read more 

I don't know how rosy it is. When I look at - https://www.theregister.com/2022/08/04/infrastructure_services_giants_still_being/ it looks to be that they are probably cutting by the end of the year or in Q1. Those savings will inevitably come from... — read more 

If you have not already noticed (how would that be possible), the SS Kyndryl is halfway underwater. Get off now before the executives push their way through the women and children. You know who I'm talkin' bout. Find a new job now before you are... — read more 

@OP+1iwWVm7r

https://www.cnbc.com/2022/08/25/-ibm-spinoff-kyndryl-is-now-one-of-david-einhorns-biggest-technology-bets.html David Einhorn's Greenlight Capital more than doubled its stake in a lesser known company Kyndryl Holdings last quarter.

. . yea, but still significantly shrinking. Here cometh thine "just in time for the holidays" pink slips. Morale is so low - maybe even lower than the sales forecast. Bless us all.

Heard it from me first - thousands upon thousands of those stupid enough 2 stay be walking the unemployment line by end of 2022. No way 80k+ sustainable for much longer. No way.

The "partnership" announcements are getting embarrassing. Obviously, Kyndryl can't do anything modern on their own. Why in the world would anyone pay a Kyndryl premium for Azure infrastructure? Some of these partners are already dead too! Trying... — read more 

I had thought that on one of the Open Mic calls it was said that raises would occur effective July 1st. Since that day is tomorrow I would think folks would have been notifed by today if they are receiving anything. Has anyone, anywhere, gotten a... — read more 

Mark my words. IBM's leadership is there just to milk $$$. Mark my words.

I just read an interview with UK/I chief Tosca Colangeli in which she clearly points out that we are “steeped in the same history and culture” with Big Blue and there are no plans to change... — read more 

Grab your popcorn. . . @bozj+1h0sl9dM

I worked at another company for 5 years until they got rid of the IT staff and moved us over to IBM in 2020. Then 2021 we were moved to Kyndryl. In these 2 years nothing changed. My job stayed the same at company X until a few weeks ago Kyndryl... — read more 

@OP+1h25l7VF

I don't understand why. Things haven't improved since the separation from IBM but they haven't worsened either. What's making people suddenly decide that they can't take it anymore and leave in such large numbers? I'd really like to know if I'm... — read more 

The company also reported a GAAP net loss of $229 million, or $1.02 per share, significantly better than last year’s net loss of $494 million, or $2.20. Positive news is that the losses weren't as bad as previous losses? This company's days... — read more 

Please share any info you may have on this. It's useful for us who are interviewing. Thank you very much.

https://finance.yahoo.com/news/insiders-may-rethinking-us-1-172900666.html

Anyone know if they're happening? when?

IBM is over stuffed Kyndryl. This is straight out of the Intel server to Lenovo playbook - it's an old trick and it works. IBM paid Kyndryl to handle the layoff’s of the overstuff. When IBM used this play with Lenovo, attrition went up, thus... — read more 

Some on thelayoff.com have vividly described the current scene at Kyndryl as a “burning dumpster fire” or an “inadequately disposed sanitary napkin”. I just left Kyndryl sales in March and I feel gross and dirty - I have to take at least five showers... — read more