{"id":1007090,"date":"2026-05-07T10:20:43","date_gmt":"2026-05-07T04:50:43","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1007090"},"modified":"2026-05-07T10:23:50","modified_gmt":"2026-05-07T04:53:50","slug":"kyndryl-plans-job-cuts-forecasts-pretax-profit-below-estimates","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/05\/07\/kyndryl-plans-job-cuts-forecasts-pretax-profit-below-estimates\/","title":{"rendered":"Kyndryl plans job cuts, forecasts pretax profit below estimates"},"content":{"rendered":"<p>Software provider Kyndryl said it would cut jobs as part of a new cost-saving plan and forecast annual pretax profit below Wall Street estimates on Wednesday. <\/p>\n<p>Shares of the company fell over 12% in early trading. <\/p>\n<p>The company, which was spun off from IBM in 2021, has been restructuring a \u200cnumber of \u2060low- or \u2060no-margin contracts it inherited from the tech giant to improve profitability.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Software provider Kyndryl said it would cut jobs as part of a new cost-saving plan and forecast annual pretax profit below Wall Street estimates on Wednesday. Shares of the company fell over 12% in early trading. The company, which was spun off from IBM in 2021, has been restructuring a \u200cnumber of \u2060low- or \u2060no-margin contracts it inherited from the tech giant to improve profitability.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-1007090","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1007090","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1007090"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1007090\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1007090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1007090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1007090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}