Kyndryl Stock Tumbles 55% on Accounting Review and Leadership Shakeup

Kyndryl’s shares plunged about 55% after the company disclosed an internal accounting review, delays to regulatory filings and material weaknesses in internal controls; it also announced major leadership changes, naming Harsh Chugh interim CFO and Bhavna Doegar interim corporate controller as longtime finance leaders exited. Third-quarter revenue rose 3% to $3.86 billion and adjusted EPS was $0.52, both below expectations. Analysts maintain a Hold rating with a $28 price target, though outlook could shift after the news.