Image via The Register
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
Limited immediate hiring expected. May need restructuring/operations roles to streamline post-redundancy. Consider retention recruitment for critical technical and leadership roles to stabilize remaining teams. Opportunity to acquire talent from departing senior individual contributors.
Market context: the MitchelLake Talent Market Index reads 108.5 — Hot (+10.8 vs prior month); EMEA signal share is steady (-1.2pts).
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