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 the big announcement is around the corner.
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I have yet to come across a single manager of a delivery team that provides any value. While I agree pods are half baked, I hope they help address this.
In Spain, the company kyndryl is starting to unassign very valuable people from its projects with the dirty aim of being able to fire them without severance pay. They leave them without doing anything to make them go away. Some workers over 60 years old.
The ceo of kyndryl in Spain, David Soto, gives the keys, we bet for the ia in front of the valuable people:
We have a platform called Bridge, which operates and automates the critical systems of the most important customers in the world, because we work in many countries and with most of the Fortune 500. This platform is implemented in 500 customers and we aim to reach 1,000. Now we are already at 90 million automations per month, which is nothing less than 1 billion covering processes, updates, incident remediation, etc. This gives us a high level of efficiency, so we can do more with less or we can dedicate our most expert people to more value-added tasks. And also, when you automate an event, the likelihood of an incident is much lower. We have saved our customers millions in incidents just by applying these techniques. Bridge is also a platform for the future because we have injected artificial intelligence into it and it will not only handle the more classic legacy world, but it is also implemented in the cloud world. We are also leveraging the use of generative artificial intelligence to interact with our teams and with our customers in a way that will allow us to be more effective in the cloud.
Kyndryl delivery is re-organising into "PODS". It's a half-baked idea for restructuring which definitely involves "efficiencies" - meaning job cuts. In my experience the powers that be are looking to bench a bunch of delivery folks under the guise of efficiency savings rather than move them into new teams. It's an underhand cost-takeout measure. A lot of Kyndryls will find themselves benched in the coming months.
It's happening in Australia as well. Significant expertise, experience and knowledge leaving the company. More than 2 months notice has been given.
Not knowing Kyndryl's current customer base, it's hard to know what the effects will be when the old folks are gone. The "senior citizens" are pricey, but in many cases they are the ones that hold together the client accounts. Getting rid of them is a popular trend, but if you go too far you'll wreck the business...just saying.
There is a storm a brewing in Kyndryl. We will start to see a frenzy of cost cutting measures. Primarily on the employee side of their equation. Honestly I have been expecting something big for the last year. Now that IBM has won their lawsuit. Age discrimination will be a hard thing to prove. So I expect Kyndryl will take advantage of the win in IBM's column. Out with the old.
In Switzerland 70% of the sales people are gone. The Swiss MD is gone as well and doing some lower level job at way smaller company. I have been fired already a year ago during the first "wave". Last in first out. At this time they still tried to cover it as "Cultural Fit". Since then many more "went".
@7ell Yeah, they (mgt) are just waiting for an agreement to expire before they can legally dismiss the employees. They don't have enough work to keep them working, but they can't fire them (without getting sued for contract violations) until the clock runs out.
At least you will be able to enjoy your golden parachute. Oh wait that never applies to us rank and file. It's sad that we have become so disposable, as workers. This attitude toward us shouldn't surprise us. After all do we expect Kyndryl to be a different kind of company than IBM was.
Yes I am one of them. It’s strange that they said u will be laid off, but u have to work another 2 months
We did and we are. I have noticed a few less persons in my dept.
Well spoken clear and concise explanation. If I am correct that agreement between IBM and Kyndryl is close to coming to end this year. I would lay even money that upper management is biting at their bit. This would enable, them to increase profits overnight, just by reducing payroll.
@2prw Agreeing not to fire people for a time period is a pretty standard practice during mergers and acquisitions. When I was with IBM, it was also standard practice whenever an outsourcing agreement was made. The incoming employees who transitioned from client-employment to IBM-employment were legally shielded from RAs for a selected time period.
So the bottom line for some Kyndryl employees is probably that they are shielded twice from RAs...once because of the client-to-IBM transition (if they came from a client), and once because of the IBM-to-Kyndryl transition. Everything eventually expires though...once those agreements have lapsed, the RAs can start up again. It all depends on the contract terms for each client.
Kyndryl had temporary halted the redeployment, but it will again be in effect in March this year. From what I was told that Kyndryl had this already planned out during the IBM Kyndryl split that they will not layoff any IBMers for 2 years.
Layoffs were announced in Germany last week, but no official numbers on who, how many, or on what basis.
Without more details, it is impossible to know what is really happening. Remember that many Kyndryl employees have specialized skills and are dedicated to client accounts. When the clients renegotiate their contracts, the clients often decide to adjust the services they want to buy. Maybe they need less helpdesk, or maybe they need more server monitoring or system administration...stuff like that. With the advent of cloud computing and more advanced automation, there is often a reduced need for human labor, as was promised.
Sometimes it is straightforward for an employee to switch departments as labor needs change. But oftentimes, employees will lose work opportunities and no monkey branches are available for them to jump on. They are quickly dismissed.
Oh yeah it's happening.