@592 Oh my, this is so naive. This could work out if the company is not completely broken at the top..
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Country presidents and client partners need to be held accountable. Too many of them seem content with only landing renewals. Need a lot more new logos and new scope...Harsh an Elly need to get collective acts together. Client Partners need to sell more and build pipeline. Its not that hard!!! Get going or you will be acquired for pennies on the dollar. Organize for success, cascade the plans and hold folks accountable!!!
@1a5 that JRSS sh-t is just normal drill, doesn't influence layoff down selection criteria. HR have different orders and filters.. Eg. if one is a "team player", and you can name it on and on
The US went thru the update skills thing a few months ago. Not like it helps get out of silos but I’ve been waiting for the axe to drop since then.
Kyndryl Canada asking for everyone's resume, "To win more business"
Kyndryl has become top heavy. Each week, some new executive joins to “transform” and bring “thought leadership” while laying off highly technical hands on keyboard skills.
@zn Yeaph, I am wondering as how the rolling layoff will continue in FY'27 just begun. the VP of one location (can't be named, haha) was given the target to decrease the average band by 2 points, check the math! Curious if the SEC ivestigation / 4 C-levels (incl CHRO, not a retirement, sic!), will be a multiplying factor.. May month will display.
@m1 omg, 30 thousand people gone. One third of the company's workforce. I assume they are going down to about 45k so half of initial workforce.
I'm afraid so. More and more people is being moved to bench anyway. The question is which countries and which markets will be the most affected.
Take all these into consideration:
SEC investigation expenses, New FCF cheating methods, focus on AI (compare that to Oracle/MSFT etc.), lawsuit deadline on April 14, credit rating, senior notes, FY27/28 forecasts unchanged despite the circumstances. I am just suprise how long this can hold together. I expect to have up to 10.000 positions eliminated throughout FY27.
Number of employess went from 90k in 11/21 to 61k in 3/26, by average 6.5k per year.
Most US roles being sent to India. Even highly experienced and skilled delivery partners now reporting to id--ts in India. Goal is simple: US isn’t generating revenue, fire staff in US and replace in India. Delivery Partners in US and Brazil can see the writing on the wall. Some re--rds think we can make college grads as good as a skilled resource in 6 months by using ChatGPT. Leadership thinks we can sign RFS’s each week using AIOps, part of targets now. I wont be surprised if Martin chops Kyndryl, sells managed services business and retain consult only to become the next Accenture.
@a6 I am fully expecting nothing less
fantastic insight
There will be a layoff tsunami of epic proportions to be announced just after the disastrous FY results are announced