#ibm under #Kyndryl as #microsoft outsourcer with #clowncomputing varnish https://www.theregister.com/2022/02/24/kyndryl_aws/
#kyndryl
Maintaining past reputation "on the cheap" isn't possible. That's why IBM redirect its staff ("legacy") to #Kyndryl and tries to milk #swpats etc. #blackmail like #microsoft ... (two dying companies propped up by Federal money/gov. contracts i.e. taxpayers' money)
#Kyndryl already collapses, but maybe #IBM planned it all along; anything to prevent the appearance that IBM itself is collapsing http://techrights.org/wiki/IBM
#ibm is a company in collapse. #Kyndryl is how IBM pretends not to be collapsing, e.g. by separating dying units for the "financial engineering" (cooking the books where supposed "growth" can be faked) https://searchdatacenter.techtarget.com/news/252508500/IBM-details-Kyndryl-spinoff-business-reorg-and-earnings
#ibm #financialEngineering #cookingTheBooks #Kyndryl "Amazing balance sheet gimmickry by IBM CFO & accountants! Basically, they dumped all of their losses onto this unit & spun it out, knowing fully well, it will squirm & shrink for many years, if not crash & burn outright!" https://www.thelayoff.com/t/1daWjRmT#replies
Mins ago: "We've had nothing but problems with TEM and TBMR the last several years. Now with #kyndryl we can push #IBM tools aside and use what works." https://www.thelayoff.com/t/1dcoWio4#replies
1 min ago, #ibm relying on #microsoft shills now. "This is not a pretty picture, and #Accenture is showing Kyndryl where they have to get to to be competitive. I would speculate more cutting from #Kyndryl is yet to come." https://www.thelayoff.com/t/1daWjRmT#replies stick a fork in IBM. It's DONE.
Company in COLLAPSE: "There is an extra Billion already set aside for 1Q 2022... That is most likely when the rest of the layoffs will happen. In the meantime, #IBM is completing the #Kyndryl spinoff." https://www.thelayoff.com/t/1d7cgO15#replies
#ibm #financialengineering : "I believe this fellow is reading the tea leaves correctly and has also incorporated AK’s going forward strategy Low growth ends up in #Kyndryl , or spun off. It’s all about margins and growth rates" https://www.thelayoff.com/t/1cXJ0Q7J#replies
"No, there have been many ID issues with the Kyndryl spin-off. I have employees who’ve been erroneously set up with #Kyndryl email and blue pages and had to get it fixed." #ibm https://www.thelayoff.com/t/1d0NGFpV#replies
"Now you are starting to get it #IBM / #Kyndryl has to offshore the low margin services [...] This satisfies IBM as they are transitioning to an IP [sic] #patents strategy for this business anyway. It’s just a matter of dotting the i’s and crossing the t’s" https://www.thelayoff.com/t/1cRwyyMx#replies
#ibm #crisis ongoing. "Letter bands were given a script they were “strongly encouraged” to use. I narrowly missed being a part of #Kyndryl - I was offered a BU transfer in 2019 and the entire team I would have joined has been transferred to Kyndryl. I heard from my would-be manager about the script." https://www.thelayoff.com/t/1cDTSoRU#replies
"I will stick with kyndryl as long as we stay working from home." https://www.thelayoff.com/t/1cDTSoRU #kyndryl #IBM #layoffs
#ibm #kyndryl ... "Better than fentanyl" https://www.thelayoff.com/t/1cEUvEBh#replies IBM buying its own share, doing financial engineering instead of actual engineering. Passing around staff and units/reporting buckets to fake growth...
"Hopefully, #kyndryl will not be burdened by the red tape bu-----t that is so prevalent in the old #IBM . The GTS folks who do all the hard lifting in the trenches are good people and deserve better than GR and AK!!!" [Rometty and Krishna] https://www.thelayoff.com/t/1cEUvEBh#replies
Poking fun (even minutes ago) at #ibm hiding its collapse by spinning off #Kyndryl https://www.thelayoff.com/t/1cBJofNS
#microsoft does with #azure what #ibm does with #kyndryl ... it's a bucket game. They fake 'growth'. Financial engineering. They reshuffle and rebrand (they even rebranded a #vista10 update/Service Pack as "11"). See http://techrights.org/2021/07/31/azure-stagnating/
