'Workforce rebalancing' comes for Kyndryl, and delivery teams are in the firing line

Kyndryl, a global technology services division, is cutting jobs to reduce overheads and streamline operations, affecting delivery teams in several countries, including the UK. The company is entering a 45-day consultation with employees, with hundreds of people likely to be placed at risk of redundancy. Kyndryl expects to yield annualized savings of $400 million to $500 million in fiscal 2028.