We know cuts are coming, but we don’t know when or any real details beyond that. So now we get to sit around stressing and worrying for who knows how long. I’m sure that’s going to do wonders for everyone’s mental and physical health. I really hate what this place has become and the joke we have for leadership.
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Workforce rebalancing = layoffs, lots of people will lose their jobs,,,,shame on HR and other groups using this term....get rid of them first!
@nw Are you located in the US? Just wondering if the layoffs will be different based on geographic location.
Rumors are first week of June for exit by end of June, but let’s see. I’m more interested in seeing who is picked off. I don’t have a lot of faith in our management and this place already has far too many people in roles they are not qualified for. Management should be doing everything they can to hold on to people who can actually get the work done, but performative posturing is what is rewarded, not substance. I don’t have any faith this time will be different.
One week since earnings released and the "workforce rebalancing" initiative, and seemingly still no movement. Every morning it's so torturous to log in and check if there's a mystery Teams invite from HR or the mass email from Martin. Not to mention just getting through my day-to-day work feels like I'm rearranging the deck chairs on the Titanic. It's weird how quiet things are being kept given the expected size of impacted employees.
@az Re:"only people who do real job. Upper management is growing XD"
This is the typical paradox and reinforcing more and more in KD these days.
The folks with hands on, pros in their field, can yet find a job outside even in that difficult market. But the overpaid management levels, the cheerleaders of transformation, DEI and another BS. They don't have any value in the market. And here the dis-balance goes and the KD is more and more heavier on the top (Mgrs ratio is growing). But no one will sweep the upper floors, right. lol Bye bye marketable rates and business.. What a vicious cycle
I guess we will know in couple of weeks
There are already some consolidations of teams in plans. Within few months some teams will be merged and half of people put on bench. Every month managers are pushed to put someone on bench. -1 per quarter unless team really can't do the job. Of course people who stay are overworked. They hope for people leaving on their own so no severance money will be paid. They can be easily replaced by people on bench. People with families and mortgages will easily take any opportunity to be able to provide and pay their bills. I think the best course of action in your case is to look for new job. If you will be lucky and your manager agree you can go on bench for 2 months, get severance package and leave for new position with some additional cash. Even if not just take new position in different company. Companies now hire only if they really need you so take your chance. Kyndryl tries to get rid of people. Funny side note: only people who do real job. Upper management is growing XD
I heard a small numbers of people's already in bench. Also a few already leaves. Location is North America. Can anyone confirm?
Cuts are a constant. They don't just happen in waves.
Do you really think they care about your mental or physical well-being? They put on this 'performance,' but it’s so poorly executed that no one believes them anymore.
Stress is treated as a 'consumable.' If someone burns out, they are simply forced out by being buried under an impossible workload.
They keep pushing until the employee finally breaks. Then, they bring in the next person and apply the same model. Over and over again. This isn't management negligence—it’s a well-planned corporate strategy.