Armonk, New York-based IBM, the iconic computer manufacturer, software developer, and technology services provider, has announced the spinoff of its "Independent Managed Infrastructure Services Business" into a new entity to be named Kyndryl by the end of 2021. The new company will be headquartered in New York City, New York.
In announcing the spinnoff, the enterprise was described as a service company that "designs, runs and modernizes the critical technology infrastructure of the world's most important businesses and institutions."
In his best corporate-speak, the first Chief Executive Officer of Kyndryl, Martin Schroeter, said, "Kyndryl evokes the spirit of true partnership and growth. Customers around the world will come to know Kyndryl as a brand that runs the vital systems at the heart of progress, and an independent company with the best global talent in the industry. The decision to base our corporate team in one of the world's most vibrant and global urban centers underscores our commitment to the economic health of cities."
This split may impact the workforce in unknown ways as employees are split between the companies.
Change is coming. There will always be a tomorrow, no matter how much you may try to ignore it. There are no guarantees in life or promises for a bright future. Just because something bad hasn't happened yet, doesn't mean it won't. It can happen to anyone, anytime, anywhere. No one is guaranteed to wake up tomorrow and still have a job by evening. Are you now wondering, Am I Next?