Thread regarding Kyndryl layoffs

Intentional Eradication of Audit Trails:
Management has implemented a strictly verbal-only communication strategy regarding layoffs and structural changes. Directors and managers are explicitly instructed not to leave written traces (emails or chat logs) of internal decisions. This 'information blackout' is a deliberate attempt to obstruct future investigations and prevent the gathering of evidence regarding illegal labor practices and financial liabilities.

Falsification of Labor Cost Allocation (SAP Fraud):
The time-reporting process via SAP is systematically manipulated. Employees are forbidden from recording 'Administrative Work' or 'Idle/Bench Time' (Indirect Costs). Instead, all labor hours are forcibly assigned to 'Client Projects' (Direct Costs) or 'Training/Vacation.' This practice creates a fraudulent inflation of project margins and hides the true cost of unutilized labor, directly leading to material misstatements in the company’s public financial filings.

Strategic Concealment of Severance Liabilities:
Management is currently utilizing 'the bench' as a holding pen for long-tenured employees (some with 10+ years of service) to artificially delay severance payments until after the March 31st fiscal year-end. By verbally enforcing a 'no-separation' policy in Q4, Kyndryl is intentionally omitting massive terminal liabilities from its current balance sheet to manipulate its Free Cash Flow (FCF) metrics.

Reliance on Algorithmic Termination (Workday vs. Logic):
Decisions are driven by opaque 'Workday' metrics rather than business logic or professional merit. Management uses these automated systems as a shield to avoid personal accountability and human contact, further distancing the leadership from the illegal 'cleansing' of the workforce."

I strongly advice anyone impacted by Kyndryl’s current practices to report their findings to the SEC’s Whistleblower Office. The Commission is actively seeking evidence of securities fraud, financial manipulation, and internal control failures. The SEC provides significant confidentiality protections and financial incentives for original information. It is time to hold leadership accountable for these systemic abuses; a company must either operate with integrity or face the full regulatory consequences of its actions.

www.sec.gov
They also work with complaints from all over the world.

Months ago, I said "the feds will take Marty's new beach house". Now look. Its becoming reality.

I’m on the bench . Was put on bench Jan 1 after 25 years IBM/Kyndryk . We were told today in meeting no separations until after March 31st as kyndryl doesn’t want to pay out severances 4th quarter with what is happening !!

An official 8-K form filed by Kyndryl with the SEC indicates that the company's previously issued financial statements "should no longer be relied upon". This is described as a "nuclear option" in accounting, suggesting that Kyndryl's reported profits and cash flows were incorrect or manipulated. The document, serving as the "black box" of a corporate "crash," translates critical sections and offers commentary on their meaning, including analysis of SEC investigations into cash management practices, identified "material weaknesses" in internal control over financial reporting, and the departure of key executives like the CFO, General Counsel, and Controller. The commentary suggests the simultaneous departure of the CFO and General Counsel indicates refusal to take criminal responsibility for potential SEC findings and that the audit indicates leadership created a culture where deception was acceptable. The analysis concludes the document is official proof Kyndryl is under federal investigation for financial fraud. You can find more information about this filing on the SEC website.