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Kyndryl: Layoffs
Kyndryl is conducting multi-country workforce rebalancing with a $200 million severance charge. In the UK alone, at least 100 employees expected to leave through voluntary redundancy with 4-month pay packages, with compulsory redundancies to follow if targets not met. Affects small percentage of 73,000-person workforce.
Source: The Register
The leadership read
Workforce moves like this mark the contracting side of consulting hiring conditions.
Market context: Against a Talent Market Index of 105.9 (Hot) (down 2.3 month-on-month), EMEA is at easing (-2.8pts) on signal share.
Kyndryl: 4 signals in the last 90 days — above the Consulting median of 2 across 46 tracked companies; 0.2% of MitchelLake's EMEA signal flow; 4 tracked across 27 days.
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