'Workforce rebalancing' comes for Kyndryl, and delivery teams are in the firing line
Kyndryl, the technology services division spun out of IBM, is undergoing a workforce rebalancing that will lead to job cuts. The company is entering a 45-day consultation period with employees, indicating that at least 100 staff members may be at risk of redundancy. Kyndryl aims to achieve annual savings of $400 million to $500 million through these actions, which are part of a broader strategy to streamline operations and reduce costs.
- ▪Kyndryl is cutting jobs to reduce overheads and streamline operations in several countries.
- ▪The company is entering a 45-day consultation with employees, which is a requirement under UK law.
- ▪Job cuts are expected to primarily affect delivery teams, with hundreds at risk of redundancy in the UK.
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