Hearing from former colleagues of massive layoffs in the US today with Consult Partners and CTAs being affected the most
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Seems that KD isn't much interested in retaining or attracting top talent in client facing roles. IBM suffered a well deserved culture of job insecurity and age discrimination that drove scores of top sales talent to competitors. Open headcount was backfilled from the discount bin. Kyndryl is perpetuating that reputation. Why would any top talent join a company whose actions demonstrate such low value on human capital?
Martin Schroeter has described himself as a "people first leader," and said that "our people are our greatest resource."
Huh?
The fact is the company could never sustain an employee base of 90K people after spin. There were always going to be cuts but it's the type of people and lack of awareness of who they are cutting is what is so alarming. Clients will continue to drop off when they get a level of quality that doesn't match the name or cost.
I had high hopes that the spinoff from IBM would include a business culture departure from Ginny's disastrous IBM strategy to save the company to prosperity. Her misguided approach produced $30B in annual revenue loss, including 27 out of 28 quarters of declining sales. IBM was the only large cap tech stock to lose market cap (-24%) during her 8 year reign. Accenture, probably GTS/Kyndryl's biggest IT services rival, quadrupled in value during the same period by adding customer value. Ginny soothed Wall Street by propping up the income statement with expense cuts tied primarily to massive layoffs and offshoring US jobs while her personal income increased every year.
Kyndryl would be wise to learn something from that. In a service business that is inexorably tied to trust, how does a company expect to earn new clients' confidence when the deck of customer-facing people is constantly reshuffled? When you miss your numbers, the IBM way is to restructure, reinvent, change, cut, rather than providing more value. Lather, rinse, repeat. That seems like a clone of Ginny's IBM. How'd that work out?
I am fully onboard with these cuts. This action was well overdue. The payroll of this company was ridiculous. I was an off the street hire at Kyndryl. Not some low value IBM rollover. Seriously
does CTA mean Customer technology advisor? What's CTS?
I know of 2 that I worked with that were let go today. And one of them was the best disaster recovery coordinator that I have ever worked with (in 30+ years of mainframe administration). Not sure the logic here unless it was just $$$.
Confirmed ----tons of cuts in US CTAs, CTSs, Consult Partners, etc....Driven top down so a lot of excellent people impacted. They are cutting people without understanding what those people do.....STUPID!.......Company needs better leadership that can grow a profitable business....you don't cut your way to greatness....cutting costs is the easy thing to do.....you don't need leadership for that,,,,,chapGPT could do that,,,,
Last round had their last day today, but a new batch is being notified today. It doesn't end.
Not sure about massive, but I know of a handful in the US with last day today.
Just rumors, nothing verifiable just yet. Doesn't mean it isn't happening it just means the news has not reached the general public.