Just having a look at this board from DXC. I see it’s the same shithole here as it is there. Can someone plz advise if Kyndryl give pay rises yearly? Most DXC staff haven’t had one for years.
Layoffs around the corner
I'm hearing rumors about mass layoffs. Anyone else? When are layoffs most likely to happen with Kyndry's fiscal calendar being what it is?
Does anyone know of ANY new business?
Is there any new business? I'm not talking about deals like the Bank of Uzbeinvek or other garbage like that. Does anyone work in Business Development anymore?
RA’s and Furloughs
Mass RA in finance in the US, subk’s being asked to take multiple days furloughs before end of June. What’s happening in other countries, pls comment.
No standby or Overtime
New directive from bean counters at Kyndryl: no standby or overtime. So folks who were getting oncall allowances wobt get it anymore. Solution is: POD is a “magical” solution, put people in shifts 24x7 thereby eliminating standby. In some areas... — read more
Shared Success Plan (ex GDP)
How much do you think will be the shared success plan pay out this year 🤔
Global Fintech leader Broadridge Financial Solutions announced that it will acquire Kyndryl's Securities Industry Service
So it's interesting that Kyndryl sold off a profitable division - https://ca.finance.yahoo.com/news/broadridge-kyndryl-partner-canadian-wealth-123000085.html I get that it's not like the rest of the company, but it seemed be making a decent amount... — read more
Workload Rebalancing is coming
And they don’t hide it. Fiscal 2025 outlook includes a $100 million workload rebalancing cost. It is clearly on the slides.
Kyndryl Stock Jumps as Earnings Top Estimates
From Barron's: Kyndryl Stock Jumps as Earnings Top Estimates. The IBM Spinoff Gets Closer to Returning to Growth. https://www.barrons.com/articles/kyndryl-earnings-stock-price-ibm-spinoff-11b82f4b?siteid=yhoof2
The bench - what a joke.
First I wish Kyndryl would be honest - it has nothing against RAs, as long as they're silent and posed as a "chance to upskill". They're purposively letting go under a certain amount of employees so they don't have to report it as relayed by a... — read more
EEOC action against Kyndryl
From what I heard, Kyndryl is seeing a series of EEOC investigations based off of Discrimination Retaliation/Targeting Cronyism There are numerous other EEOC in works per some employees.
IBM doing best at what it is best at
I see IBM filed a W.A.R.N with the state of North Carolina. That only means one thing. IBM is going to be laying off a ton of it"s workforce sorry ( rebalancing ). This means we should expect Kyndryl to follow suit. I fully expect they will. We are... — read more
the timing of any of Kyndryl's actions will be customer-driven rather than by the terms of the IBM/Kyndryl split
Realistically speaking, the timing of any of Kyndryl's actions will be customer-driven rather than by the terms of the IBM/Kyndryl split. Given the nature of typical outsourcing agreements, not a single thing will be "moved", "migrated" or even... — read more
Germany kyndryl
From 800 employees they seek 110 volunteers to leave the company. Business ist not going well.
Why is our CEO so Secretive?
I mean, seriously. I've seen no email updates on the company, no office hours, no anything. Does he exist? In all my other jobs the CEO always gave updates on company direction and strategy, but here I feel like the company is running on autopilot. — read more
What is happening in North America
Are we currently going through layoffs.
company in trouble
It is all a house of cards, Kyndryl is not a profitable company period full stop period. If it was there would be no debt. If there was to be any debt on the books. It would come from actual investment in employee's and company innovation, expansion... — read more
Executive Pay Packages no Longer Contain RSUs
I've noticed in this year's executive payment summary that most C-Suite executives (including Schroeter, the CEO and chairman who approved these packages) has removed RSUs from this year's packages, opting for grants instead. This makes me... — read more
IBM/Kyndryl
Are we still in Big Blues shadow. Any idea when Kyndryl will start becoming it's own company. Kyndryl still uses' a lot of IBM's business models and practices.
Ending of the labor moratorium between IBM and Kyndryl
Does anybody have an idea when the labor agreement ends between IBM and Kyndryl? I thought Kyndryl made a deal with IBM not to mass layoff it's workforce for at least two years. So if this is the case when does the agreement end. So I can start... — read more
Resource action
Did we just have a quiet layoff ( resource rebalancing)? I am hearing through channels that we are quietly losing employee's. Kyndryl is giving notice quietly and in small numbers to certain unfortunate workers to turn in their laptops in. I think... — read more
Is there any new business at Kyndryl?
Sure, we see the press releases about some small bank in the middle of Uzbekistan, but there isn't any new business is there? Existing contracts are not being renewed. It's a matter of time.
kyndryl stock.
With the rising value of Kyndryl stock of lately. Will this lead to better stability for the company and employee's.
You would think the only way is up
Listening to all those earnings call analyses, you would think that Kyndryl is not only a great company with a bright future but also a company with a competitive vision. I feel like we are more in servicing mode, with a model which allows us just to... — read more
True?
I read somewhere that Kyndryl is doing really bad. Is that true?
Kyndryl Had a Bad Quarter, Yet Some Outlets are Shilling for Them
This is really pi----g me off. Looking at the last quarter's results, I see bad numbers, yet online people keep saying "MaNaGeMeNt'S pLaN iS WoRkInG!!!!" providing no information as to why or how. I guess a -126.53% miss on EPS is magically good for... — read more
Who the He-l is Martin Schroeter?
I tried doing some research on him, but there's almost nothing out there. No wikipedia article, no articles, journals, publications or anything. I know he was IBM's CFO for a while, and that he may have committed securities fraud, but I really... — read more
Is anybody else not motivated to look for another job?
It's not that I don't want to leave, but with the job market in the state that it is, I'm worried there are way too many people applying for the same jobs. Which means that the rejection rates will be higher than usual, and I really don't want to... — read more
Predictions for Quarterly Earnings Call
Kyndryl is like the extended car warranty of the tech world, so I don't see anything promising happening with current management. I think years from now they will probably barely be breaking even, if that.
Can We Please Fire Schroeter?
Why do we need to be limited by this man who was practically fired from IBM in 2020? He looks and acts drunk during meetings, and is a total jerk to people around the office. He has a reputation for cooking the books and accounting tricks. He is the... — read more
Kyndryl doing all the right things for growth!
Layoffs what layoffs, this company is growing. Kyndryl stock is increasing in value. Management is shoring up incoming revenues, the partnerships being developed ensure money in the bank. I truly believe this company has found the lift under It's... — read more
Kyndryl company in crisis
Simple question, will Kyndryl thrive and grow?
Shell su-ks
Bureaucrat who only covers his a-s. Not a Leader but phony manager.
What is it like to work directly under Schroeter?
I'm asking because I want to know if it is a good idea to take a position an assistant.
Kyndryl trying to layoff IBMers
Kyndryl appears to be releasing ex-IBMers from Kyndryl. There appears to be a pattern where they immediately release employees from the position and move them to bench. Then they ask them to find a job within 2 months within the company or move on... — read more
Layoffs ??
Any Layoffs happening with in kyndryl, comment below.
Nefarious Policies
Very controversial** Kyndryl laying off employees without providing a reason or anything to do with performance to save severance pay. 2 Months to find a job within Kyndryl that too around Holidays, after that you are out. Mgmt trying to hire more... — read more
CEO Securities Fraud Allegation
"Schroeter was rewarded handsomely for his complicity in the fraudulent scheme being appointed CEO of Kyndryl, the new independent company that was created following the spin-off of IBM’s Managed Infrastructure Services... — read more
IBM 2.0?
May be 2 years since the "separation" from IBM but KD still operates and is being run by IBM relics, specifically managers and those on the frontline. The same IBM method of operation is there: Get 12 people on a conf call when maybe 2 people can... — read more
Kyndryl and kyndryl china
https://www.theregister.com/2023/09/28/former_ibm_services_outfit_kyndryl/ No layoff just a separation from Kyndryl China. Around 6000 employees. Interesting article.