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How the CHRO of Kyndryl reinvented corporate culture for 80,000 workers after spinning off from IBM
Kyndryl Holdings, Inc. is an American multinational information technology infrastructure services provider, [4] [5] [6] headquartered in New York City [7] and created from the spin-off of IBM's infrastructure services business in 2021.
As per the terms, IBM shareholders will receive 80.1% of Kyndryl’s common stock on. American multinational technology company International Business Machines Corporation (IBM) announced that its ...
Kyndryl's recent investor day conference brought some very encouraging news for shareholders.
Equity carve-out (ECO), also known as a split-off IPO or a partial spin-off, is a type of corporate reorganization, in which a company creates a new subsidiary and subsequently IPOs it, while retaining management control. [1] [2] Only part of the shares are offered to the public, so the parent company retains an equity stake in the subsidiary ...
Kyndryl's fiscal Q2 report delivered good news for investors on key fronts.
The new company, Kyndryl, will have 90,000 employees, 4,600 clients in 115 countries, with a backlog of $60 billion. [97] [98] [99] IBM's spin off was greater than any of its previous divestitures, and welcomed by investors. [100] [101] [102] IBM appointed Martin Schroeter, who had been IBM's CFO from 2014 through the end of 2017, as CEO of ...
Kyndryl, listed in New York, is an IT infrastructure services provider with operations across 60 countries and counts cloud providers Alphabet's Google and Microsoft as its customers.