Though Kyndryl just received its name this week, the separation has been in the works for at least six months, with IBM first revealing a plan to carve out its infrastructure services business in ...

Special report Kyndryl, the IT services biz spun out of IBM in late 2021 ... and three months of severance pay to those let go, the separation agreement requires former employees to agree to ...

NEW YORK, November 8. Kyndryl today announced that it has completed its previously announced spin-off from IBM (NYSE: IBM) and began trading as an independent company on the New York Stock ...

IBM's board of directors has approved the previously announced separation of its managed infrastructure services business into a new company called Kyndryl. The board has declared a pro rata ...

The spin off of Kyndryl creates an opportunity for partners that can provide services at a better cost to customers than IBM can, he said. “With the separation, I think there‘s an opportunity ...

CEO Martin Schroeter to lead the board as chairman while former Royal Bank of Scotland CEO Stephen Hester is named lead independent director Kyndryl, the new independent company which will be created ...

Kyndryl had also inherited multiple no-margin contracts from IBM and has been looking to re-work them to generate higher profits. The company recorded adjusted net income of $124 million in the ...