IBM, Kyndryl, Subsidiaries (Like Red Hat) and Silent Layoffs
This has just come out:
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Kyndryl follows in IBM's footsteps with rolling layoffs likely affecting thousands
Kyndryl, the IT services biz spun out of IBM in late 2021, has been following in the footsteps of its parent by discreetly shedding hundreds of workers, largely in the US.
The reason, we're told, is that the firm has not been winning new IT services contracts.
In the wake of our report in mid-September about IBM's quiet layoffs, we heard about ongoing, unpublicized job cuts at Kyndryl from two former employees and one current employee who expects to be let go shortly.
Some trickles through the cracks: "Public notices filed via WARN (Worker Adjustment and Retraining Notification) letters show that in California alone, IBM laid off 54 employees in Santa Clara County and 57 in San Francisco County" (Source)