Kyndryl, spun out of IBM in 2021, predicts revenue shrinkage of 2-4% for fiscal 2025, anticipating total revenue between $15.2 to $15.5 billion.
Despite forecasting positive revenue growth for Q4 FY2025, doubts persist, with former employees suggesting Kyndryl has not secured new contracts.
Several laid-off employees reported ongoing attrition and a lack of new business, stating 'There wasn't an ounce of new business as far as I knew'.
Skepticism surrounds Kyndryl's projected return to positive growth, especially regarding its consulting business amid claims of losing existing service contracts.
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