Kyndryl plans job cuts, forecasts pretax profit below estimates - The Economic Times

Software firm Kyndryl announced job cuts and a new cost-saving plan. The company expects annual pretax profit to be lower than Wall Street predictions. This move aims to reduce operating costs significantly by fiscal 2028. Kyndryl's shares saw a notable drop following the announcement. Despite challenges, resilient demand for IT services continues to support the company.

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