Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
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. #MacroEdge
🚨 LAYOFF ALERT - 🇺🇸 Kyndryl, the IT services company spun off from IBM, has been quietly laying off hundreds of workers, mostly in the U.S. In 2023, Kyndryl had 90,000 employees, but its fiscal 2024 annual report shows a reduction of 11%, bringing the workforce down to 80,000. https://t.co/ca8Jm7fjXI
Kyndryl follows in IBM's footsteps with rolling layoffs likely affecting thousands https://t.co/w3Q4AHoGjo
The tech industry is experiencing significant layoffs in 2024, with over 136,000 tech workers affected across 422 companies. Major firms such as Intel, IBM, Cisco, and Microsoft have announced layoffs, contributing to the 27,000 job cuts in August alone. Kyndryl, an IT services company spun off from IBM, has also been laying off hundreds of workers, reducing its workforce by 11% to 80,000 employees. According to Forbes, tech layoffs have crossed the 1 lakh mark as companies brace for more cuts ahead.