Kyndryl has reported salary delays across several countries, citing 'technical issues' as the cause.
However, this appears to be a smokescreen for a liquidity crunch. While employees face financial uncertainty, the company recently spent $304 million on stock buybacks to artificially inflate share prices, effectively prioritizing shareholders over the very people who sustain the business.
14 replies (most recent on top)
@OP I am a manager in India. No such announcements related to delayed salaries. We did have communication about no increments, or high bonuses due to Kyndryl’s muted performance.
It is deeply cynical that Kyndryl is ready to dump another $400 million into stock buybacks just to throw a lifeline to activist investors, while simultaneously executing a $200 million mass layoff plan (Workforce Rebalancing).
Meanwhile, actual engineers are subjected to frozen salaries, delayed payrolls managed via 'friendly banks,' and a total lack of professional training beyond meaningless Workday compliance badges.
If there is any good news, it is that the company’s true parasitic nature is now undeniably exposed. The mystery behind the 'unwritten' administrative restrictions, enforced silent silos, and automated time-sheet harassment is solved.
The message from the top is loud and clear: Wall Street metrics matter; the humans keeping critical customer infrastructure alive do not.
@fv Yes. We know. First line managers already got told in email.
@fv yep!
No raises this year - fact.
@a7 "evidence guy" - https://www.kyndryl.com/in/en/about-us/news/2025/11/kyndryl-earnings-statement-q2-2026
"Company announces additional $400 million share repurchase authorization"
It is obvious that there will be no increase in salaries and bonuses.
@f4 How about to start collecting list of names of >=B10 of expendable managers as a kind advice to the coming PE investor. By country. Hint: to recall the names easily = use the photo of recent All-hands/Transformation/Innovation/DEI/Workshop and look into the first two rows of audience ;)
The elevator continues to descend. It is now on the tenth floor.
10.88
- 0.60(-5.23%) 18.30 CET
So I am going to open a "change" , with evidence : https://www.investing.com/equities/kyndryl-holdings . Now waiting for approval :)
@b8 Czechia for one. Salary is a couple of days late.
What do you mean by salary delays? Payroll payment?
Can you tell which country? The last pay has no problem.
@a7 - I can promise you this is true.
Interesting. Also the stock sinks down even today, in total -21.36% to 11.50 since the FY2026 results announced on May 6th
… wheres the evidence?