Thursday, 23 May 2024



LATEST NEWS Bhagwant Mann campaigned for AAP candidate Pawan Kumar Tinu in Jalandhar Congress wants migrants to be out of Chandigarh: Sanjay Tandon Sanjay Tandon accuses Congress of double speak on ‘Agnipath’ scheme Gurjeet Singh Aujla walks in the markets in the centre of the city More than one lakh people become witness to the PM Narendra Modi's Fateh rally in Patiala In Punjab, there is an outcry over electricity: Vijay Inder Singla Aam Aadmi Party state secretary Sanjeev Rahi, Suparna Sharma and many leaders join BJP AAP is continuously getting stronger in Punjab, another big blow to SAD and Congress! Many big leaders joined AAP District to have two state of the art polling booths at Mohali based on the themes of Airport model and Green Election Bhagwant Mann ji, when will women get one thousand rupees per month? - Gurjeet Aujla PM should tell how his party will take the country forward instead of scaring people into voting for the BJP : Sukhbir Singh Badal Bhabiji Ghar Par Hain Actor Firoz Khan Passes Away: Remembering the Amitabh Bachchan Look-Alike Pallavi Debnath Web Series List 2024 | 5 Dariya News Raja Warring Advocates for Change in Ludhiana East Campaign 5 Popular Sherlyn Chopra Web Series List 2024 | 5 Dariya News Beware of ‘jumla-baazs’ and their ‘jumle-baazi’: Amrinder Singh Raja Warring Dr. Subhash Sharma releases Sankalp Patra for all inclusive development of Sri Anandpur Sahib Lok Sabha Constituency Parliamentary Meeting Organized at the 10th World Water Forum by the Indonesian House of Representatives and Inter-Parliamentary Union In the coming time, our country will become an energy provider and fuel provider - Gadkari Writers Are Often Overlooked Says Abhinay Deo Governor Shiv Pratap Shukla presides over 2568th birth anniversary of Lord Buddha


IBM spinoff Kyndryl to layoff employees for 'profitable growth'

Khas Khabar, Commercial, Kyndryl CEO, Kyndryl, Kyndryl Latest New, Kyndryl News, Kyndryl Layoff, Kyndryl Layoff News, Kyndryl Employees Layoff, Kyndryl Employees Layoff News, Kyndryl IBM, IBM Spinoff
Listen to this article

Web Admin

Web Admin

5 Dariya News

New Delhi , 01 Apr 2023

IT infrastructure services provider Kyndryl, a spinoff of tech major IBM, is laying off an unspecified number of employees globally.According to a report in CRN, Kyndryl which was spun out of IBM in late 2021 has about 90,000 employees.

"We are eliminating some roles globally - a small percentage - to become more efficient and competitive. This is in addition to the ongoing transformation work we have undertaken to streamline and simplify our processes and systems," a company spokesperson said in a statement.

These actions will "enable us to focus our investments in areas that directly benefit our customers and position Kyndryl for profitable growth," the spokesperson added.Kyndryl reported revenue of $4.3 billion in its third fiscal quarter 2023, down 6 per cent from the previous quarter.

Tech giant IBM also announced to lay off 3,900 employees in January.The layoffs will cause a charge of $300 million in the January-March period to the company, according to IBM Chief Financial Officer James Kavanaugh.

In its quarter ending December 31, 2022, the company delivered $16.7 billion in revenue, $3.8 billion of operating pre-tax income, and operating earnings per share of $3.60.Kyndryl joins a slew of tech companies such as Meta, Alphabet, Microsoft, Google, Twitter and others in laying off lakhs of employees amid the global economic headwinds.


Tags: Khas Khabar , Commercial , Kyndryl CEO , Kyndryl , Kyndryl Latest New , Kyndryl News , Kyndryl Layoff , Kyndryl Layoff News , Kyndryl Employees Layoff , Kyndryl Employees Layoff News , Kyndryl IBM , IBM Spinoff



related news




Photo Gallery



Video Gallery



5 Dariya News RNI Code: PUNMUL/2011/49000
© 2011-2024 | 5 Dariya News | All Rights Reserved
Powered by: CDS PVT LTD