Image via The Register
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Kyndryl: Layoffs
Kyndryl is conducting multi-country workforce rebalancing with a $200 million severance charge. In the UK alone, at least 100 employees expected to leave through voluntary redundancy with 4-month pay packages, with compulsory redundancies to follow if targets not met. Affects small percentage of 73,000-person workforce.
Source: The Register
The leadership read
Workforce moves like this mark the contracting side of consulting hiring conditions.
Market context: Against a Talent Market Index of 112.8 (Hot) (up 11.4 month-on-month), EMEA is at easing (-3.2pts) on signal share.
Kyndryl: 2 signals in the last 90 days — above the Consulting median of 1 across 42 tracked companies; 0.1% of MitchelLake's EMEA signal flow; 2 tracked across 10 days.
MitchelLake in this thematic
Our work · 2025
Executive Search Services
NashTech
EMEA · Technology · it services · software outsourcing
Our work · 2020
Business Development Manager (VP of Sales)
Endava Inc.
EMEA · Professional Services · sales · it services
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Cybersecurity Advisory Leader
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Also at Kyndryl →
More signals across Consulting
Layoffs · EMEA
British Council →British Council plans to cut approximately 25% of workforce (alongside closure of 11 country offices) to manage £197m pandemic-related debt. Already reduced headcount by 2,110 FTE since April 2021; further redundancies signalled as part of turnaround plan. Organisation not expected to return to profitability until 2029/30.
Partnership · EMEA
Ripple →Ripple secured preliminary approval for Crypto Asset Service Provider (CASP) license from Luxembourg's CSSF under EU's MiCA regulation, plus an Electronic Money Institution (EMI) license enabling regulated payment infrastructure operations in Europe.
Ma Activity · EMEA
Publicis Groupe →Publicis Groupe is acquiring LiveRamp, a independent audience and identity data vendor. This acquisition will displace LiveRamp's existing brand clients who will need to source alternative identity resolution and audience data platforms.
Strategic Hiring · EMEA
PMG →PMG is running a global AI hackathon at Cannes Lions with up to $500,000 in prizes to identify and recruit AI-savvy talent (developers, marketers, creatives). The competition signals aggressive talent acquisition in AI engineering and LLM-based product development for advertising services.
Partnership · EMEA
Darktrace →Darktrace joined OpenAI's Daybreak Cyber Partner Program to explore defensive AI integrations for secure AI adoption and organizational resilience
Ma Activity · EMEA
MoonPay →MoonPay acquired Entendre, an AI accounting agent platform serving stablecoin firms, to extend infrastructure into financial operations (reconciliation, treasury, close workflows).
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