More cuts - Articles like this pretty much support what others are saying -
https://www.businesstoday.in/latest/corporate/story/tech-layoffs-ibm-spinoff-kyndryl-eliminates-marketing-admin-hr-roles-in-india-375858-2023-04-03
It's so tempting for some NA people to fall in the trap of a racist response to any sort of cuts. The fact of the matter is that it's never the fault of the workers doing delivery, the ethnicity and orientation of those of us doing the work has nothing to do with anything.
This is all part of a desperate strategy by senior leadership to make this gamble pay off as stated so well in a previous post. We're an outsourcing shop and there will always be turnover. I don't know that any of us would do any differently other than to deliver the 'being cut' news more humanely and with some empathy, as well as supporting those that are let go in their transition out of the company.
It's a big mess.