Could it happen to Big Blue IBM since we know that Alvind and the Pipmunks are no saints and Kyndryl is an offshoot of IBM and it's senior executives are from IBM ? It is no secret that Krabanaugh cooks the books...
https://finance.yahoo.com/news/why-kyndryl-holdings-stock-down-183900468.html
Kyndryl's problems are related to IBM's problems, but the central issue both companies face is that both firms are losing relevancy in the modern world. Less relevancy means less customers, less customers means less revenue, blah blah blah. As very close relatives, executives at both firms employ the same book-cooking methods to make the stocks look good and to preserve whatever free cash flow they still have.
They are both doing as best they can under the circumstances, but the trajectories for both companies are still down...albeit for different reasons, due to the markets they allegedly serve.
More reporting at this post on the Kyndryl board: @bc+1jqcc3knh .