So it seems the 'Bench' program has started at Kyndryl as they sort through staff and seek to layoff folks that they feel have reached an end to their usefulness. They'll be going through the motions of finding these folks roles but really...they... — read more
Kyndryl – Spinoff From IBM Making The Right Moves
Making the right moves?? Apparently this analyst hasn't been tracking the stock price nor the revenues since Kyndryl became a company. https://www.forbes.com/sites/patrickmoorhead/2023/01/26/kyndryl--spinoff-from-ibm-making-the-right-moves/
LMAO Kyndry is a joke!
Your comrades are gone from IBM too!
Resiliency practice: $40M in expenses, too many employees
JC, practice lead, made those comments earlier this week at an all-hands call for Cyber & Resiliency practice (" we have too many employees, we have $40m in expenses we need to clean up if we want a job next year"). Nice motivator!
Kyndryl loses $281m in the quarter as modernization agenda continues
Soon to be swallowed-up by an Indian body shop, once it hits penny stock territory. https://www.theregister.com/2022/11/03/kyndryl_q2_fiscal_2023/
Bright Future for Us: Kyndryl Bridge, Kyndryl Vital & Kyndryl Consult
Launched Kyndryl Bridge, Kyndryl Vital and Kyndryl Consult, reflecting commitment to innovation and expansion of value-creating services
How does a company with $18B in annual revenue have a market cap of $1.8B?
Do all of the contracts expire next month or something?
Future in Kyndryl
I spent more than a decade in IBM and am now part of Kyndryl ( US). I got an offer with almost the same package somewhere else. Is it prudent to move on in these turbulent times? The only positive thing I feel about Kyndryl is work-life balance. ... — read more
Martin Schroeter: "I lead the world’s largest IT infrastructure services firm"
He even has the audacity to put that on his own LinkedIn! https://www.linkedin.com/in/schroeter-martin Um, "the world's largest IT infrastructure services firm" has a lower Market Cap than Xerox ... and Cr--ker Barrel? (it's true, look it up). ... — read more
I don't know how rosy it is....
I don't know how rosy it is. When I look at - https://www.theregister.com/2022/08/04/infrastructure_services_giants_still_being/ it looks to be that they are probably cutting by the end of the year or in Q1. Those savings will inevitably come from... — read more
SS Kyndryl is sinking! Get off of the sinking ship now!
If you have not already noticed (how would that be possible), the SS Kyndryl is halfway underwater. Get off now before the executives push their way through the women and children. You know who I'm talkin' bout. Find a new job now before you are... — read more
IBM spinoff Kyndryl is now one of David Einhorn’s biggest technology bets
https://www.cnbc.com/2022/08/25/-ibm-spinoff-kyndryl-is-now-one-of-david-einhorns-biggest-technology-bets.html David Einhorn's Greenlight Capital more than doubled its stake in a lesser known company Kyndryl Holdings last quarter.
“We’re shrinking less than when we were part of IBM,” Schroeter said.
. . yea, but still significantly shrinking. Here cometh thine "just in time for the holidays" pink slips. Morale is so low - maybe even lower than the sales forecast. Bless us all.
40,000 strong by end of year
Heard it from me first - thousands upon thousands of those stupid enough 2 stay be walking the unemployment line by end of 2022. No way 80k+ sustainable for much longer. No way.
Kyndryl Partners with the World!
The "partnership" announcements are getting embarrassing. Obviously, Kyndryl can't do anything modern on their own. Why in the world would anyone pay a Kyndryl premium for Azure infrastructure? Some of these partners are already dead too! Trying... — read more
Anyone notified yet of a Raise?
I had thought that on one of the Open Mic calls it was said that raises would occur effective July 1st. Since that day is tomorrow I would think folks would have been notifed by today if they are receiving anything. Has anyone, anywhere, gotten a... — read more
Kyndryl will grow faster than IBM
Mark my words. IBM's leadership is there just to milk $$$. Mark my words.
A shared culture
I just read an interview with UK/I chief Tosca Colangeli in which she clearly points out that we are “steeped in the same history and culture” with Big Blue and there are no plans to change... — read more
Kyndryl Shares Swoon on Fear It Faces Huge Liability in Lawsuit Against IBM
Grab your popcorn. . . @bozj+1h0sl9dM
New to Kyndryl, have a question from old IBM'ers/Kyndryl
I worked at another company for 5 years until they got rid of the IT staff and moved us over to IBM in 2020. Then 2021 we were moved to Kyndryl. In these 2 years nothing changed. My job stayed the same at company X until a few weeks ago Kyndryl... — read more
So many are quitting
I don't understand why. Things haven't improved since the separation from IBM but they haven't worsened either. What's making people suddenly decide that they can't take it anymore and leave in such large numbers? I'd really like to know if I'm... — read more
Kyndryl CEO: Moving Out Of IBM’s Shadow With $1B In Pipeline
The company also reported a GAAP net loss of $229 million, or $1.02 per share, significantly better than last year’s net loss of $494 million, or $2.20. Positive news is that the losses weren't as bad as previous losses? This company's days... — read more
What are Grades and Levels and Kyndryl
Please share any info you may have on this. It's useful for us who are interviewing. Thank you very much.
Another Dismal Coverage
Anyone know if they're happening? when?
The oldest play in the book
IBM is over stuffed Kyndryl. This is straight out of the Intel server to Lenovo playbook - it's an old trick and it works. IBM paid Kyndryl to handle the layoff’s of the overstuff. When IBM used this play with Lenovo, attrition went up, thus... — read more
Does anyone want to do business with Kyndryl? Massive staff reductions are eminent.
Some on thelayoff.com have vividly described the current scene at Kyndryl as a “burning dumpster fire” or an “inadequately disposed sanitary napkin”. I just left Kyndryl sales in March and I feel gross and dirty - I have to take at least five showers... — read more
A Kyndryl Perspective from some former IBM CEO’s
I recently had the opportunity to exchange emails with the current and former IBM CEO’s. Intent was to get an informed strategic perspective on Kyndryl, IBM, and the future. Each of them provided a refreshing perspective to this. My article and... — read more
It's been nearly five months
Tell us guys and gals, how does it feel to be away from IBM? Have things improved drastically or are they the same? I'm hoping for the sake of all of you that you didn't take the horrible culture with you. I know my job would be much easier if I... — read more
Pomerantz Law Firm Investigates Kyndryl for Potential Securities Fraud
https://www.prnewswire.com/news-releases/shareholder-alert-pomerantz-law-firm-investigates-claims-on-behalf-of-investors-of-kyndryl-holdings-inc---kd-301494649.html "Pomerantz LLP is investigating claims on behalf of investors of Kyndryl Holdings... — read more
What is the position of Kyndryl on Russia? Are they going to sell in Russia? Arvind has expressed on this subject but I have not heard anything from Kyndryl leadership.
$2 Billion Loss
The entire thing is a joke, honestly. A BK is in the stars... - Full-year 2021 revenues total $18.7 billion and net loss is $2.3 billion - Pro forma revenues total $18.5 billion and pro forma adjusted pretax income is $114 million, both in line... — read more
Kyndryl and AWS Establish Strategic Partnership to Accelerate Cloud Adoption and Innovation for Customers
A Big Deal
Kyndryl's Market Cap Falls Below Minimum Required for Listing in S&P MidCap 400 Index
On November 1st, Dow Jones Newswire issued this press release: "Kyndryl Holdings Inc., which is being spun off from International Business Machines Corp. will join the S&P MidCap 400 before the opening of trading on Nov. 5, S&P Dow Jones Indices... — read more
Who will acquire Kyndryl?
The share price keeps crashing and it is now an extremely cheap buy. At price of less than $4B (+ 1.2B in debit) with over $19B in annual revenue and a large pool of talent getting hold of 1000's of hosting and Cloud contracts makes this an ideal... — read more
I wonder if the C-Suite knew what they were signing up for?
"$100-$200M PTI" in a shrinking business through 2025. Their equity is crashing now and is very short term. We didn't have a choice - but they left other jobs to come here and their equity was converted to KD by IBM (and not at market after say 30 or... — read more