It feels like everyone. I can barely manage the work I’ve been assigned. My team has been decimated.
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@he this is very very accurate
why are they firing so many people? they seem to be growing revenues ...
Former IBM IT Architect here...I think it's safe to say that Kyndryl is experiencing an even more severe situation than what IBM went through. IBM (and presumably Kyndryl) service contracts typically have stable or declining revenue numbers year after year per client. The idea is that increasing technological and business efficiency should be reflected back to the client as reduced cost, and so the contracts were written to reflect this.
For you (the service delivery employee), the bottom line is that the contract for any particular client will return progressively less revenue year after year for any particular service that is rendered. In order to get more (or even stable) revenue, more services have to be negotiated and performed for the client.
IBM couldn't make the numbers work. It looks like Kyndryl can't do it either. Management is trying to switch to the potentially higher profit model of consulting rather than managed service delivery, but who knows if they can make it work.
I don't know how many but on last round table they said they need to cut more people so answer is one: "still not enough" XD if you're in delivery services then you gonna bleed out because this company is switching to be a consulting company. Now fun fact how logic works in higher management. If you take overtimes to handle workload with less people than you need you do more than one FTE. You know what it means for higher management? That you have too many people in the team (as they watch only number of FTEs, no joke, heard that from middle level manager pressured by high level sharks to send more people on bench in teams already understaffed) and in result they may decide your team must put more people on bench. So just relax, do your job and watch it all burn. Buy a popcorn, do not do free overtimes to be sure you handled workload. Just in case polish your CV. You may gonna need it. Also this year this company actually really does better financially. Really. Guess who is opening the champagne. Well not me and not you, that's for sure xd we worked hard for that success, so these up there can celebrate. And then think who to send to bench this round.
same story everywhere. Big Whales are su-king dry doing nothing, just big talks but real workers are put to bench.