So it's interesting that Kyndryl sold off a profitable division -
https://ca.finance.yahoo.com/news/broadridge-kyndryl-partner-canadian-wealth-123000085.html
I get that it's not like the rest of the company, but it seemed be making a decent amount of profit from what I heard. I guess the focus these days is on as little NA infrastructure and bodies over here as possible. Broadridge took no charge which is also something that stands out.
And Kyndryl bought Skytap. Normal in business. You sell something, you buy something
Dire Fire Sale!
They are following in their predecessor's footsteps (see the Red Lobster story on the IBM forum).
It would not be shocking to me. I am of the opinion, martin is trimming up the company. Shedding dept, workers, services profitable/unprofitable. He is playing the long game. I would not be surprised one bit. If kyndryl is being prepped for an acquisition. I wonder if Martin and the board are seriously asking can this company survive an economic down turn. My opinion is, doubt it. I am reading how wall street is applauding the ascension of Kyndryl's stock. May I remind everyone wall street is not the real economy. You and I are the real world and the real economy. The rising stock only benefits Martin and the Board.
And so it begins ... they'll start breaking off pieces of Kyndryl, and selling those pieces for whatever they can get. It's a classic Fire Sale!