https://www.kyndryl.com/us/en/about-us/news/2023/06/kyndryl-earns-newsweek-most-loved-workplaces-award
This doesn't match my experience in the least. It has to have been a purchased or 'sponsored' award.
11 replies (most recent on top)
This is not in regards to the actual work environment (the behaviors of managers, peers, how the company culture has changed, etc.) - this is all about Kyndryl's D,E&I virtue signalling. Kyndryl is IBM lite, still using FWB and other confusing tools to do their business. As for the workplace itself, all we see is executives spewing on about Pride month, their concern about SCOTUS' decision about Aff Action, etc. Just a bunch of window dressing.
I'm so ready to retire. I am so sick of corporate America's Bull. I am not quite old enough to retire, but I'm close. So I took the severance Kyndryl offered up. The plan, I have is ride out the severance and unemployment checks til they dry up. I then will file for retirement. There is a certain freedom when you no longer care about a career. Better yet, when you no longer care about corporate America. Beach day anyone?
Kyndryls stock is not doing well. This is not good for the remaining employee's. The value in a company now days. Is not what that company does. The real value is in how well it's stock does. The trick is to convince the gambling house's on Wall Street to push the stock up in price. This strategy is just wrong, all this does is steal from the rank and file worker. This company is only a couple years old as a stand alone. Since the inception of Kyndryl, the company hit the market at around $40 dollars a share. Now it's hovering around $13 dollars a share. The stock is the money pipeline for the company. Also they just had a round of layoffs. This is not the actions of a stable prospering company. There will be a round two for layoffs.
Kyndryls stock is slowly tanking. I keep reading the analysis on Kyndryl's stock potential. Well honestly I don't see it. The stock was in the forty dollar range when it first got offered. Now it seems to constantly float between 8 dollars to 14 dollars. The stock has more back slide away from the 14 dollar high mark. We aren't even in a recession yet and this is the best the company stock can do. My prediction is simple. If the management of this company, doesn't do something soon in a dramatic way. They will lose the confidence of their investors, and thus the value in the stock. The only real thing they can and will do in the short term. Is have a mass layoff and restructuring. The workforce they have now is expensive and excessive.
Don't forget this story -
https://www.dailymail.co.uk/news/article-10511913/IBM-execs-forced-older-staff-make-way-younger-staff.html
Meet the new boss, same as the old boss....
Kyndryl is gearing up for a round two of layoffs. It will be sometime before the holiday's. They need to cut costs, and this is how they will do it. The company, just has to many legacy employees left over from IBM. IBM knew what they were doing when they cost shifted these employee's to Kyndryl. The truth is kyndryl will probably not make it in an economic down turn. This company is to large and to mired in in it's own internal bloat. This is not a lean agile company that can respond quickly, to a changing market. This will not end well for the workers. This company is going to shed employee's sooner than later.
It has become H1b body shop. If we terminate H1b unskilled program. The economy will do a jump start with millions and millions of jobs.
Yeah, we get it @6iqa+1mVVDMP3 but the majority of workers in corporations know EXACTLY what the score is. Those that fall for the 'company values' messaging and virtue signalling have clearly NOT been paying attention for the last couple fo decades.
That messaging is propaganda and noise for these sorts of 'awesome' workplace surveys and the more gullible and newbie employees. It rarely seems to hold up to real scrutiny in my experience.
I just think Kyndryl sank to brand new lows with shady behaviour in the 'bench' program. Just lies, lies and more darn lies. I saw older employees expressing outrage at how they felt betrayed by a management that endlessly pushed the slogans as if the place were some sort of workplace paradise.
I was shocked to see that naivete given how I knew this was inevitable with the ongoing spectre of more aggressive offshoring. Kyndryl is so terribly desperate to cut costs in every area of the business. I saw the panic.
As for white vs blue collar belittling, I don't know how commonplace that was. When I was in my 20s people I knew were amazed at how GM line workers retired at 50 with a house paid off and maybe even a cottage. They had left high school at 15 to work at 'the motors'. I also think older Kyndryl/IBM people recall the days when IBM had insane margins and had their own employee golf course here in Toronto. All sorts of 'family' like events where they were nice to their employees.
Both companies were cradle to grave organizations...when margins were super high.
Now it's a cutthroat business and globalization ended all of that with new levels of competition. Those days are long gone and will likely never return. Workers won't stick together so these companies can do whatever they need to do in order to get better margins and high PE ratios.
Stop whining, anybody that works in a modern corporation knows the deal. Here today gone tomorrow. The fact is a lot of corporation's are getting good at efficiency. I find it hilarious that a bunch of white collar workers are crying foul. Using buzz words and phrases of loyalty fidelity worker dedication. These are the same words blue collar folk used back in the 80s, when their jobs started to be shipped overseas. At the time, we had the white collar class belittling the blue collar class. I remember criticism's going like this should have gotten a higher education. Should of not counted on an assembly line. Should of seen this coming a sign of the times. Well this advice also applies to you my fellow complacent office worker. The reality is when this happened to the working class. They had enough real world skill and determination to adapt keep working. The real question is do the white collar working class also have real world working skills.
Yeah the values they claim to have seem nowhere to be found in practice. Kinda sad but to be expected.
On paper it sounds like Kyndryl would be a great place to work but in reality despite the focus on Kyns, etc. all of that is just marketing.
How could they give this award to an organization who has outsourced the layoff of so many employees to, a law firm who treats them like brown stuff? This is a company where senior executives refer to meeting the Canadian president as having to have meetings with “The Executioner”.
The fearful culture is disseminating, and anyone remaining is feeling very insecure for their jobs. The organization was even trying to enforce non-solicitation‘s for 12 months for employees who who were laid off! Clearly attempting to limit their future employment prospects!
I heard that one of the laid off employees attempted su----e last week, Kyndryls representative sent police to do a wellness check on them, the person then received an email from Kyndryls outsourced lawyers the very next day, telling them not to ever contact Kyndryl again and in the harshest way. So caring!