Thread regarding Kyndryl layoffs

Kyndryl need to get rid of their overpopulated internal CIO team.what I'm hearing is that they will cut 50% of their workforce within next 9-12 months.

The top brass of Kyndryl needs to go. Kyndryl needs to bring young fresh thinking individuals. This will be the key to Kyndryl's turn around. I think investor's need to rally around this idea of totally replacing all of management. I am tired of seeing my share holdings in KD get diminished.

I see the stock, just can not seem to break through to the fourteen dollar share price. It is backsliding again. This is a real problem for Kyndryl. By proxy myself included as a current employee. I am waiting for the hammer to fall for round two of layoffs. Upper management has to go.

IBM was and still is full of people who are too scared to leave their paychecks. But all the warning signs were there for anybody who was brave enough to read them...replacing the pension plan with a 401k, the gradual, then sudden loss of education and training opportunities...the lack of even the most basic test environments...high pressure (to say the least) management who is desperate to achieve project deliverables...eliminating travel expenses...the list goes on.

The employees who weren't canned (RA) earlier were loyal to the end.

In the end it doesn't matter. As a worker, I have no real power or leverage. I overstayed my time at IBM as a "LOYAL" worker. My reward for that was being pushed off to Kyndryl. I could have said no, but I didn't. I am one of the dino's. My biggest regret is I put my faith into IBM. I was to scared to leave my paycheck, I also was delusional in my thinking. If I took care of IBM it would take care of me (HA). So whatever Kyndryl does it does. I am under no illusion's of Kyndryls fidelity to its's workers.

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 from. They'll be used up and wasted in a very few years.

If Kyndryl employees are just going through the motions and not adding skills or responsibility, then that's the fault of poor management for creating such a work environment. Truth be told, that's the typical environment for an IT body shop...Kyndryl certainly isn't the first outfit to be like this, nor will it be the last. Not every IT shop is willing to pay for cutting edge skills...they'll settle instead for average people who are looking for a paycheck, who will do what they're told and not make waves. That's what IBM GTS turned out to be in the end...average pay, no training, no test lab environments, etc. We'll see if Kyndryl turns out the same way.

Absolutely get rid of the IBM Dino"s. If kyndryl stands a chance to survive the next couple years. Management needs to start cutting costs and raise revenue. The IBM leftovers are just not worth their overly generous salaries. These workers are not bringing any new cutting edge skills to their positions. More likely than not, they are just going through the motions. They do not want to learn new things or take on added responsibility. If these IBM legacy workers, had real drive and job marketability. They would have never allowed themselves to be forced out of IBM and shoehorned into Kyndryl. I suspect Kyndryl doesn't want them either.

Kyndryl is IBM lite. Low fat, less sugar, but still IBM.

IBM/GTS has been cutting since I started 20 years ago, it's just how they operate. Go ahead and cut all those 'dinosaurs' in accounts where there's often a 'last man standing' scenario, or work the existing dinos to death that know where all the bodies are buried...the outcomes will continue to be less than optimal.

It's a race to the bottom in terms of servicing that market. The main cost pressures in North America are the living wages of employees and anything physical in terms of infrastructure...which is why those inside the company can see that so much work is being offshored.

We saw companies do this in the past with mixed success. Are the current team lead by the weasel faced Schroeter capable of navigating this while retaining key talent? He's also an IBM dino....and should probably be gone as well.

I have my doubts he has the acumen and charisma to pull it off but it remains to be seen.

Since you asked...without additional context, this IBM dinosaur thinks that your thesis is not only lacking in both thought and feeling, but also is no different than the thinking from all those former IBM executives who mistakenly thought they would improve things by getting rid of the "dinosaurs" of their day. Conditions did not improve then, and it is very uncertain that conditions will improve now.

Kyndryl's problem is the same problem that IBM had...its business model sounds good in theory, but su-ks in practice. The point of Kyndryl (and GTS before it) is to provide technically skilled implementation and management IT services to its customers, sometimes using their own data centers and sometimes with resources owned by Kyndryl. Those services need to be provided at a price that is not only better than what the customer could do by themselves, but better to the point that Kyndryl can recover its costs and make profit for itself.

IBM was able to do it for many years, but after a while cost recovery became much more difficult. They couldn't make the numbers work, so Kyndryl was spun off. Can the accounting work "without the IBM dinosaurs", as you put it? Can Kyndryl make money?

Perhaps. But I wouldn't bet on it.