Kyndryl, a technology services company spun out of IBM in 2021, is entering a 45-day consultation process with employees in countries where required by local law. The process is described as workforce rebalancing, which typically results in redundancies. More than 150 managers were reportedly called into an extraordinary meeting with HR, with redundancy-impacted personnel meeting again and an announcement expected shortly after. The cuts are expected to affect delivery teams, including architects, consultants, and subject matter experts, with hundreds of roles potentially at risk in the UK. Kyndryl states the changes will be limited and affect a small percentage of the workforce to address labor costs and streamline operations.
"Kyndryl employed loads of new VPs and they are not affected, just cutting the real workers. I do not know how the company will last with a significantly reduced delivery [capability]."
"The business is this week entering a 45-day consultation with employees, where local law requires, under what insiders described as "workforce rebalancing," a euphemistic term that invariably means redundancies. Sources at the IT services biz told us more than 150 managers were called into an extraordinary meeting with HR on Monday. Personnel earmarked for redundancy will have meetings on Wednesday and an announcement is expected on Friday."
"A Kyndryl spokesperson told The Register: "As we continue to transform our business in support of serving our customers and sustainable growth, we expect a limited workforce rebalancing in some countries affecting a small percentage of our workforce to address labor costs and streamline our operations.""
"The job cuts will not surprise anyone following Kyndryl. Interim chief financial officer Harsh Chugh, who came"
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