'Workforce rebalancing' comes for Kyndryl, and delivery teams are in the firing line
Big Blue spinout eyes up to $500M in savings and agentic AI while insiders grumble it's still 'IBM without the hardware'
EXCLUSIVE Kyndryl – the global technology services division spun out of IBM in 2021 – is cutting jobs to reduce overheads and "streamline our operations" in several countries.
The business is this week entering a 45-day consultation with employees, where local law requires, under what insiders described as "workforce rebalancing," a euphemistic term that invariably means redundancies.
Sources at the IT services biz told us more than 150 managers were called into an extraordinary meeting with HR on Monday. Personnel earmarked for redundancy will have meetings on Wednesday and an announcement is expected on Friday.
The cuts are expected to affect delivery teams, with hundreds of people likely to be placed at risk of redundancy in the UK alone. "We had 150-plus [managers] in the call so it's basically...
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