The vultures are circling. It won't be long now ...
https://economictimes.indiatimes.com/tech/information-tech/rivals-eyeing-ibm-spinoff-kyndryls-sub-50-million-clients-experts-say/articleshow/87920533.cms
“Kyndryl’s clients were briefly quite confused about its future performance and the uncertainty impacted some opportunities. There were instances of some customers not renewing contracts or going over to rivals, who were able to convince clients about their stability,” DD Mishra, senior director analyst at tech consultancy Gartner, said.
A significant percentage of its employees and market share is from India.