What is the reason of Kyndryl's sudden stock price surge? Within this month it went up to over 34$ from barely 22$

https://www.theregister.com/2024/11/20/kyndryl_little_new_business/

Looking at Kyndryl's lack of new business and the fact that they are losing existing business at an alarming rate, I would not be surprised if Kyndryl is doing a Enron style of creative accounting. Martin and Elly clearly show they lack the knowledge... — read more 

Alot of my colleagues are resigning in Kyndryl Brno, are there as well mass layoff, may be I am lost a bit in times and did not notice much.

Happy someone else is as outraged by the blatant disregard for employees in the face of Kyndryls core values. Thanks @OpheliaLavande on Twitter

So today's the last day for many experienced professionals in S&R practice. All because of a lack of appreciation on TS's part. Good luck to those departing (not on their terms sadly).

I had high hopes that the spinoff from IBM would include a business culture departure from Ginny's disastrous IBM strategy to save the company to prosperity. Her misguided approach produced $30B in annual revenue loss, including 27 out of 28 quarters... — read more 

Did we experience layoffs, Are there layoffs happening, Yes or No. All I am hearing is noise.

Hearing from former colleagues of massive layoffs in the US today with Consult Partners and CTAs being affected the most

Another useless org change, all teams will now be under Mary Miller’s delivery organisation. More layer between the account leadership, POD, delivery. Adults in Kyndryl need to focus on winning large deals instead of pencil pushing.

It'll impact all three sites: https://rsukyndryl.altervista.org/wp-content/uploads/2024/09/Comunicato-Cassa-Integrazione-settembre-2024_16-settembre.pdf [English translation of the document] -- UNION STATEMENT Cassa Integrazione: meeting with... — read more 

With no large signings in last 3 years, US has been scrambling woth re-orgs, which wont make a difference. Yesterday’s all hands call was a disaster. Amy knows that she may not last long. All non-incentive DPE’s to be under Mary Miller: what will... — read more 

Do we know anything about the rest of the week? Or is it going to be anytime, anywhere for a foreseeable future? None of us really need this amount of additional stress. It would be better to have more information and know what to expect.

invite sent at 7:30pm ET Tuesday, 1 Oct 2024 for meeting next morning I wonder what this meeting could be about? Any ideas?

It’s creepy, in a way. Coming to work every day, not knowing if that’s the day. Things happening around you, but nobody’s saying what’s going on. Media report possible hundreds already laid off or in the process. Thousands potentially in total. We... — read more 

https://www.theregister.com/2024/10/01/kyndryl_layoffs/

It's happening!!

I do not understand. Why does IBM keep it's ties with Kyndryl. Big Blue is continuing to hold Kyndryls common stock. This on the surface looks unsightly. I find it quite odd that Knydryl's relationship with IBM questionable. Can anyone make light of... — read more 

Will anybody be losing his or her job this month? Should we worry or not?

FYI, Martin Schroeter (according to the executive compensation documents) is the only executive in Kyndryl who can use company jets and cars for personal reasons. If he wants to go to the Bahamas for a weekend, he can do it and Kyndryl has to eat the... — read more 

1st deception: After accepting a job offer from IBM in 2019, I was informed one week before my start date that I was actually “LTS” (long term supplemental) status (i.e a 3 year contractor) and not FTE status (which was negotiated during the hiring... — read more 

No big signings in years. Still a lot of fat in senior management, and bean counters focusing on eliminating standby allowances. 1000s of alliances with nothing to show for. Should Martin and Elly be fired and replaced? I hear a few major clients... — read more 

FLM mentioned that resource reduction is happening in some departments. Has Anyone heard anything about recent layoff/reduction?

@OP+1tTcbbmu

Don't believe everything you read on twitter

https://deloitte.wsj.com/cio/kyndryl-cio-go-fast-go-big-go-global-7172f41d Fresh off a spinoff, Kyndryl carried out a transformation program aimed at increasing agility while keeping professionals’ and customers’ needs at the forefront By: ... — read more 

https://www.reuters.com/technology/kyndryl-records-first-quarterly-profit-consulting-strengthens-2024-07-31/ By: Reuters July 31, 2024 3:21 PM CDT | Updated 3 days ago July 31 (Reuters) - IT services provider Kyndryl Holdings recorded its first... — read more 

I still don’t think we will get ahead. Too much debt around the neck and not enough growth to cover for it. Your thoughts?

If Kyndryl buys DXC, you are gonna be looking for a job 12 months later. Kyndryl is already at the breaking point financially. This company has no business taking on that amount of debt and risk. Let's also mention Apollo this company is a shark. It... — read more 

Does someone knows situation in Poland and delivery centers in Wrocław and Katowice? Is it bad? How about Czechia and Brno? Someone mentioned lower that Procurement department in Slovakia will be closed. How is rest of service there? Is everything... — read more 

I see we had another lack luster quarterly earnings release. I also see that Kyndryl borrowed 500 million bucks. to cover the 500 million debt due in November of 2024. Basically they are using debt to cover debt. Kyndryl is using senior notes. It's a... — read more 

Don't tire yourself out for Kyndryl. This place doesn't deserve it. I had high hopes when I accepted this job but it took a year to completely disillusion me. Hard work means very little here so why bother? My current goal is to do just the minimum I... — read more 

Do we have any idea what's going on there?

Kyndryl has decided to layoff an entire arm of the procurement team in Slovakia ,an estimated 150 employees including middle and senior management that were an integral part of its CTO and Dispute team.The move was welcomed by AT@T and other vendor... — read more 

I have been with this company for almost a year. I find my work environment to be pleasant enough. There definitely, some acrimony in this company. That being said Meh i have seen and experienced worst.

Both companies are being sued AT THE SAME TIME! Download the Complaint "A cadre of top executives developed and implemented the plan while the Human Resources and Finance we-ponized artificial intelligence and scoring algorithms against IBM’s older... — read more 

Or we can breathe for a moment?

Does Kyndryl offer UK staff enhanced redundancy payments or standard terms?

https://www.bizjournals.com/washington/news/2024/06/11/dxc-technology-apollo-global-kyndryl-acquisition.html By: Alan Kline – Senior Editor, Washington Business Journal Jun 11, 2024 Updated Jun 11, 2024 1:18pm EDT DXC Technology Co. (NYSE: DXC)... — read more