Kyndryl has decided to layoff an entire arm of the procurement team in Slovakia ,an estimated 150 employees including middle and senior management that were an integral part of its CTO and Dispute team.The move was welcomed by AT@T and other vendor suppliers that had been under pressure from the team to return over 40 mill USD in disputes.
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I concur, they really are. This company better start trimming the hedges pretty soon. I honestly would feel better. When they start vetting employees, for the chopping block. If you as an employee survives the chopping block. You are needed and wanted, and the bonus is Kyndryl would be a smaller more lean company with a stable future for them and us.
The next ones are CIO , operations , Finance and accounting resources , at least 50% of them will be fired till year end.Majority of them are useless
on Thursday, July 25, Kyndryl will hold its Annual Shareholder Meeting. shareholders will be asked to vote on the following proposals:
- election of four Class III director nominees;
- the compensation of our named executive officers
Executive officers need more money....and Kyndryl executives are far the worst ones in market.
I could not agree more.
It's bonkers that there's more than 150 people in procurement. Worthless bunch.
Link to news article or announcement?
Ok. In Brno there many 1st and higher level executives, who are 20+ years in the same position even not aware how to restart a server. How AI decides whom to lay off? In the end friendship with manager will decide if the employee finds a new role from bench or not.
Does AI is touching high level managers??? Or they are expluded from the list of layoffs?
Do you even work for Kyndryl. Yes Kyndryl does have A.I, and yes they use it, as they see fit. Most large companies, have some form of A.I in use. It is an effective tool for managing workloads and personnel. It has and will replace workers Kyndryl is not immune to this very fact. A vast majority of jobs lost to A.I are never given to a spotlight. The human backlash in a company has too many negative repercussions. I find persons on this platform love to talk about things they obviously have no knowledge of. Fear and speculation seems to be driving a lot of these conversations.
Kyndryl created AI based tool for business operations and business plus financial forecasting. I've heard good opinions about that tool. It's being sold to the customers. It will eliminate some roles like business program managers.
Kyndryl doesn't have any A.I. wtf?
American workers get things done but cost more. That's just a fact. I work with many Procurement people globally and the difference between Raleigh and other regions is huge.
It is surprising that they aren't cutting the American location in total though because they pretty much did the same for Americans in CIO. Definitely following IBM model for staffing.
I am surprised they did not unload the American workers instead. I know procurement out of the Raleigh office got it last year. I am actually amazed, they are even keeping any procurement workers US based. The offshore workers are a much better value, and are just as competent as any US worker.
Kyndryl is now using A.I in some of it's business operations and departments. I do know they are currently using it to identify duplicity in departments and job roles. Procurement is one of the departments they are targeting. This department has a high head count.