Rumors are flying, does someone have info to share?

From Amy: "We want to acknowledge the pain caused by the hateful act of violence targeting members of the Black community this past week in Jacksonville, Florida. Far too often we’re reminded that hate and prejudice exist in the world. At Kyndryl... — read more 

Got the dreaded Friday phone call. At least two Experis contractors laid off from Kyndryl. Access cut that day to Kyndryl. And of course send the laptop back. Might be many more.

Some re-Org has happened in my BU end of july and heard some changes in other BUs.

How many percent is Kyndryl yearly salary appraisal?

Cutting edge skills don't come for free...somebody has to do the training, either via coursework or learning on the job. If Kyndryl management treats the employees like IBM did, then it doesn't matter who the employees are or where they came... — read more 

Do you know please what ESP in Kyndryl? Is it the same as GDP bonus?

Kyndryl is going to be much better without IBM dinosaurs. What do you think?

Not sure about USA, but many RAs happening in Europe.

Can anyone describe what this new group Kyndryl Consult is all about? A recruiter said they can pay up to $375k. Sounds like a Band 10 role. Is that group trying to be like IBM GBS? Or Accenture/McKinsey consulting? More important, why would an... — read more 

Do you know if Kyndryl is paying GDP bonus in June/July? And raising salaries?

When do you expect that Kyndryl ll start next round of lay offs??

Super surprised that this message board isn't lit up. Thought this ship would be sinking faster.

If you believe you were a victim of ageism. contact Wright & Greenhill in Austin before you sign anything. I am NOT associated with them in any way, but I do know of several plaintiffs who used them

I think the hardest part of this for many people is the poor way in which layoffs were handled. Long tenured or not, it makes little difference. The poor and unreasonably slow legal responses to severance negotiations and cr-ppy offers in other... — read more 

https://www.theregister.com/2023/06/02/age_kyndryl_ibm/ "As spinoff quietly erases claim that average age in mainframe group was 35" "After being informed that he was going to be laid off, Mr DeGruccio spoke with his manager who told him it was... — read more 

https://www.kyndryl.com/us/en/about-us/news/2023/06/kyndryl-earns-newsweek-most-loved-workplaces-award This doesn't match my experience in the least. It has to have been a purchased or 'sponsored' award.

The amended complaint [PDF] expands on these allegations, arguing Kyndryl carried out layoffs "as a part of IBM's continued targeting of older workers for termination" and that Kyndryl carried out that strategy – ensuring that older workers left the... — read more 

Cuts in Canada continue, some bench people ( a small amount) pulled back, it's clear they really are not managing this very well at all. In Canada there seems to be some nepotism at play as the Canada director apparently employs his nephew on his... — read more 

Link to story below: Of 420 US workers tapped by Kyndryl for this particular round of "transformation," 156 people (37 percent) between the ages of 25 and 70 lost their jobs, at an average age of 55. And 264 people (63 percent) between the ages of... — read more 

https://seekingalpha.com/news/3972684-kyndryl-stock-drops-after-company-expects-2024-revenue-to-decline-6-8 I get that lousy pre spinoff contracts that were part of an IBM products package weren't profitable and now they're dumping them...and that... — read more 

"If you were laid off recently, were you given the ages...." The answer appears to be YES. Please check the last few pages of your Employee Information Package. The last ones I checked had an average layoff age of 54. Were yours the same?

If you were laid off recently, were you given the ages/job descriptions of those laid off with you, in your Employee Information Package?

Laid off today, first day back from medical leave and immediately let go. Minimal severance and no benefits past termination date. Absolutely callous behaviour

If you sign any severance docs, you absolutely CANNOT sue. Only Arbitration Average age of those laid of is 53 (An absolute fact)!! If you want to potentially sue for age discrimination, I highly recommend Wright & Greenhill in Austin, who... — read more 

https://www.theregister.com/2023/05/13/kyndryl_ibm_sued_discrimination/ Even the font is the same - "The severance package which Kyndryl has offered to laid off employees appears to be based on the severance packages that IBM had offered its laid... — read more 

So it looks like the company outsourced the handling of the layoffs in Ontario to a company specializing in the corporate side of things - https://hicksmorley.com/ They're lowballing ALL the offers as far as I can tell from the few people I've... — read more 

The company's approach to recruitment is troubling, as they appear to have pursued a hiring spree targeting high-salary individuals without a sufficient level of transparency regarding their practices. To make matters worse, there have been reports... — read more 

Did anyone see these allegations that Martin Schroeter, the CEO of Kyndryl, was involved in a scheme to move revenue from IBM's mainframe business to trendier sectors in order to enrich... — read more 

I'm keeping eyes on my calendar but haven't received any invite from HR or management. Anyone here who got RAed this week?

It's not so much a false promise as much as it is a bet that's failing. Kyndryl has two major challenges ahead of it. The first challenge is that for a lot of clients, there are better and cheaper ways to manage their infrastructure than to have... — read more 

Kyndryl CEO Martin Schroeter had a compensation package of over 26 million in 2021, or 452 times the average Kyndryl worker! The average for a company of Kyndryl's size is 6.82 million. This guy is a poor-performing clown and this is how he is... — read more 

Just had a conversation with management about my last day being May 19th w/ 3 month severence package. The boat has crashed.

got walking papers today. I don't think Kyndryl is done yet.

US sales teams and possibly others seem to be getting notices today. Not sure how wide spread but meetings are on the calendars and notifications are being made

https://www.theregister.com/2023/04/04/ibm_and_kyndryl_are_cutting/ "IBM services spinoff Kyndryl has confirmed it's laying off staff while Big Blue is also shedding employees, as part of the industry-wide job cut contagion that has plagued the tech... — read more 

More cuts - Articles like this pretty much support what others are saying - https://www.businesstoday.in/latest/corporate/story/tech-layoffs-ibm-spinoff-kyndryl-eliminates-marketing-admin-hr-roles-in-india-375858-2023-04-03 It's so tempting for... — read more 

At the beginning of February, the Kyndryl company suspended all sales activities in emerging markets such as Eastern and Central Europe, Baltics, and Turkey. These are evident signs of the likely closure of local branches and the dismissal of... — read more