Are layoffs over? Did not hear anything for a while. Some countries apparently not impacted at all? (Czech)
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Anyone else read about the expanded WPP partnership? Sounds like a significant amount of work that could shift away from internal teams.
Beware the bench! Pool for next cuts.
@1b8 there are about 2550 employees in Kyndryl Czechia.
Every year about 400 to 450 people leave or are laid off from there,
now do the math and tell me how it will end up mid-term.
@1s0 Nonsense. Or stupidity. (of KD, regardless of money). One can't build the consulting business in the countries where there is no professional employee base left any longer. You can not consult clients remotely, that never worked and won't work. Eg. if you want to consult German clients you need to be german and be there, Finland be finnish and be close to them etc. Moreover the delivery folks are not used/trained for that. They froze for decades in the install-maintain the kit remotely 1000 miles away, and can't switch the mindset easy and be a nomad. The more VPs they hire mean nothing for the success in that way. Sorry
@OP Kyndryl wants to become a Consulting company. They are harvesting revenue from the managed services business to pay for boot-strapping the consult business. Anyone who was with IBM before the split should recognize this tactic. IBM harvested money from new SO deals and used it elsewhere. Any one remember the 'Global Spend Board'?
:)
@1f0 I wonder who sensible can be really joining KYN with its renomé these days? perhaps only the dumped VPs from "Accenture" with big houses and high mortgages just to survive another year..
@1dp LOL. though the opposite is happening. every other week I am getting notification of some of the old-hand VP(s) liking the new (S)VP (getting joined to KYN) status message on LIN saying "i am happy to announce as I am taking the challenge joining the greatest team of Kyndryl... blahblahblah". what a Titanic way...
It’s becoming a dumping ground for Accenture castoffs or “friends of a friend” the cull got rid of most of the new talent and those with bright ideas but kept the old guard as they were too expensive too remove
Payroll announced its new system hit 90% accuracy so 1 in 10 was paid incorrectly
Moral is down sales are almost unheard of “I think they’re gonna need a bigger bench”
Too many VPs and SVPs in the swamp. Get rid of them first.
I can't talk for Czech but the company is doing very poorly. No major accounts are being won. The direction of the company is going is "continuous down-sizing". The down-sizing is slowing only because the major accounts have already gone.
The reason Kyndryl is not winning business is because Bridge is bundled into all new contracts and Bridge is expensive, which makes Kyndryl extremely expensive. We are undercut by the competition, hence no new business.
The cuts will continue until the company gets it's s**t together and that won't happen because that means taking a long hard look at what was done wrong up till this point and that means people in positions of authority need to take a look in the mirror.
In short, the redundancies will continue forever. If you are on the bench, that's pretty much the end of your Kyndryl career.
@117 2028? Won't be in business by 2028. Again, there is NO NEW BUSINESS.
@117 how many people in Czechia center now? I think few years back they bragged about being the biggest employer in Moravia region with over 4000 people hired. How many is there now?
@cj 😆 they will move all to india much sooner, believe me.20% down next year, another 30 in 2028, etc. There was a plan on the table few years back aleady.
@wt Guess who was invited to the Kyn Rhodes Parade in Greece? Negate those three traits and you have the results, muhaha
@wt Or, combination of those three = shortcut to death sentence, indeed.
Kyndryl Czech Republic is quietly targeting three specific groups for layoffs:
- Highly paid senior staff
- Employees over 50 (who know the company inside out but haven't seen a raise in years)
- The 'unruly' ones—independent thinkers who see right through the corporate brainwashing.
Despite corporate spin, Kyndryl's financial reality is grim. Looming SEC investigations and mounting legal battles could soon push its stock to 'junk' status. The company no longer wants seasoned experts; it wants cheap 'robots'—compliant workers who don’t know their rights, won’t complain, and will do highly skilled labor for peanuts. If you value your voice or your experience, you're a target for the bench. Local management has no power here; they are just corporate servants executing orders from the top.
There is no new business, so what do you think?
The bench as practiced at KD is a stupid concept. Delivery folks should be on 2 or more projects. When one ends or winds down, they spend more time on the other while also looking for another project. Too often the bench is a death sentence. Lots of excellent resources go there and get let go...Need to do a much better job of resource management,
Its never over
@cj I would expert the smaller digit. And, maybe not dismantled completely, but reduced to 2-3 hundreds max in the 5 year horizon reflecting the accounts they need to yet serve per contracts the clients didn't manage to escape yet (accounts with special languages and security levels). Even the senior folks (with real capabilities, doing the heavy lifting jobs) are landing on bench every month on. Their colls (taking over their jobs) noticing that are losing patiece and appetite even silently support the masquarade. Which is in contrary the tactics to survive this game. Anoher version of Squid game, hahaha? I am sorry for those who remained there still
Kyndryl’s 10-Q says the actions are expected to continue through FY2027.
expect the Czechia center to disappear within the next 5-10 years
Several members of my team have already been given their final employment dates, so it’s clear the reduction in force is still underway. This isn’t speculative — actions have been taken, and the impact is real.
@ar check under bench managers on Teams. You will see a lot accounts with status "unknown". It happens when person is leaving company but account wasn't removed yet. Look how many such "unknown status" people you have under bench manager on the same time. What does it mean? Mass layoff. At once many people got info they can't stay in bench anymore. And regarding benching 1st like managers are pushed all the time to put people on bench. Every quarter. Also freeze for salary raises and promotions supposed to push people to leave on their own. This is form of hidden layoff
a lot will depend on this quarter's earnings.....if they are lousy and we show no revenue grwoth, expect more cuts...
Its not over. Recently I was ionformed Im going to Bench. Also I have into that Im not the only one. (Czechia)