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8 Big New Revelations About IBM’s Kyndryl Spin-Off

A new regulatory filing uncovers details about Kyndryl’s business and operations, including financial results for the past several years, workforce reductions, the competitive landscape and vendor partnerships.

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Employee Locations

While Kyndryl is based in New York, the vast majority of the company’s 90,000-person workforce is located outside of the U.S., according to the SEC filing.

“Approximately 92% of our employees work outside the U.S., with workforce hubs in India, Poland, Brazil, Japan, Czech Republic, and Hungary,” the filing says.

Still, in 2020, the Americas region contributed 38 percent of Kyndryl’s revenue and 55 percent of the gross profit for the business, according to the filing. For the other regions in 2020, Europe/Middle East/Africa contributed 38 percent of revenue and 5 percent of gross profit; Japan contributed 16 percent of revenue and 29 percent of gross profit; and Asia Pacific contributed 8 percent of revenue and 12 percent of gross profit.

 
 
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