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Reuters141d agobearish
Kyndryl plans job cuts, forecasts pretax profit below estimates

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. • The cuts come after the software provider ⁠delayed the filing of its October-December report, made several management changes, and launched an accounting review over "potential weaknesses" found in its internal controls. ​Kyndryl did not disclose how ‌many jobs would be affected by the move.