Kyndryl, which spun off from IBM in late 2021, is initiating layoffs impacting a “small percentage” of its 90,000 employees globally.
The layoffs began this week. Kyndryl sent us the following statement:
“We are eliminating some roles globally – a small percentage – to become more efficient and competitive. This is in addition to our ongoing transformation work to streamline and simplify our processes and systems. These actions will enable us to focus our investments in areas that directly benefit our customers and position Kyndryl for profitable growth.”
Layoffs Leave One Kyndryl Worker Relieved
Kyndryl employees took to TheLayoff.com to voice their frustration.
“I believed the propaganda about the company trying not to worry about the stock price and wanted to get it right,” said one displaced worker. “Nothing has been done showing that is the case. I have a sense of relief after getting laid off and can find a better fit for my skills.”
Another U.S. worker who got a pink slip said 75% of those on the list are ages 55 and older.
“It doesn’t take an MBA to see that it’s not a profitable business. IBM let it go for a reason, and the No. 1 cost is always the flesh and bone,” one worker said. “I would expect a 2-5% cut, which would align with everyone else jumping onto the cuts trend. I bet clients don’t know the risks that the company is introducing to their environments, and I expect them to lie about it or present some sort of fantasy about resilience. It sure feels like the headwinds of a recession.”