Layoffs what layoffs, this company is growing. Kyndryl stock is increasing in value. Management is shoring up incoming revenues, the partnerships being developed ensure money in the bank. I truly believe this company has found the lift under It's wings. Folks this is a good company. We all will reap the benefits as Kyndryl employee's. I truly want to say thank you to our upper management teams, and to our CEO Mr. Schroeter. Who is not given enough credit for his expertise and leadership skills.
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Kyndryl is shutting down several data centers, and is doing another round of layoffs. What company can stay afloat if they are literally closing it's doors and cutting contracts from customers?
Perhaps someone up high is pocketing the $$ and waiting for this to sink.
Kyndryl will be hard pressed to keep the upward momentum going on their stock. A stock like Kyndryl's can be a double edge sword for employee's and company. If the stock sinks, it makes management look incompetent. If it rise's to quickly. The upper tier are expected to keep that trajectory going. So if the stock is low and falling. They cut labor costs first chance they get. If the stock is doing well and gaining value. They cut labor costs to show they are in charge and seeking alternative labor solutions. In a nutshell you can expect a worker reduction in the near term, it's a given.
Looks like Martin found out about this site.
Schroeter is a sad sack who needs to be fired before Kyndryl has a real chance.
This company is mostly run by un-skilled cheap visa workers. All they do is block their calendars and act like in a meeting, while doing nothing. Others have to pick the slack.
No need to be sarcastic. Company does currently better than competition. It seems prepared for upcoming market turbulences. But it's not Schroeter. He himself does not believe in that company. It's middle and upper management, sales people and of course IT people first and foremost, providing excellent service to their customers.