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 with the state of North Carolina as of Wednesday evening."