Kyndryl, the managed IT services provider that spun out of IBM, has announced layoffs that could affect its own internal IT services.\n\u201cWe are eliminating some roles globally \u2014 a small percentage \u2014 to become more efficient and competitive,\u201d said a Kyndryl spokesperson, without giving the exact number of employees affected due to the layoffs.\n\u201cThese actions will enable us to focus our investments in areas that directly benefit our customers and position Kyndryl for profitable growth,\u201d the spokesperson said, adding that the company was in the process of undergoing transformation to streamline and simplify its processes and systems.\nBloomberg first reported about the layoffs.\nThe forums of job-losses monitoring website The Layoff.com lit up with comments from anonymous users representing themselves as Kyndryl employees. They said that staff in IT asset management roles and in Kyndryl\u2019s own CIO organization were among those who were let go. \u00a0\n\u201cWe were told this morning of cuts in CIO in North America, and that we are not affected (Europe). Let's see what happens,\u201d a user posted in one of the threads. Other threads hinted at entire teams being fired.\nKyndryl employs 90,000 globally. It was set up to continue IBM\u2019s legacy infrastructure management business, and to seek growth in new markets such as cybersecurity. That growth has been slow in coming, though: Its revenue continued to decline through and beyond its first full year of independence from IBM.\nAn earlier post on the website said that Kyndryl had already started \u2018benching\u201d people in January.\n\u201cSo it seems the 'Bench' program has started at Kyndryl as they sort through staff and seek to layoff folks that they feel have reached an end to their usefulness,\u201d a user posted, adding that the layoffs were a way to balance things given the company\u2019s stock price.\nThese are not the first Kyndryl-related job cuts to be announced this year. In January, Kyndryl\u2019s former parent IBM announced plans to cut 3,900 jobs, some of them in roles linked to its work with Kyndryl.\nIn the face of an uncertain global economy and slowing demand, technology companies picked up the pace of layoffs in 2023, after sweeping job cuts rocked the industry last year.\nAccording to data compiled by\u00a0Layoffs.fyi, the online tracker keeping tabs on job losses in the technology sector, 532 tech companies have laid off 156,242 staffers so far this year.